Identify a service that falls under audit services.
A)examination of historical financial statements
B)compilation of historical financial statements
C)inspection of website security
D)review of financial forecast

Question

Quizplus · Accepted Answer

Audit services involve the examination of historical financial statements to assess their accuracy and ensure compliance with accounting standards and regulations. Compilation of financial statements and financial forecast review also fall under the category of accounting services, but they are not specifically categorized as audit services. Inspection of website security is a type of information technology (IT) service.

Identify a Service That Falls Under Audit Services