What term is defined as "a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between these assertions and established criteria, and communicating the results to interested users?"
A) Auditing
B) Innovation
C) R&D
D) Strategic Management
E) Accounting

Question

Quizplus · Accepted Answer

The given definition clearly describes the process of auditing, which involves the objective evaluation of economic assertions and communication of the results to stakeholders. Such assertions could be related to financial statements or other economic activities of an organization. Innovation, R&D, strategic management, and accounting may be related to economic activities but do not fit the given definition as closely as auditing does.

What Term Is Defined as "A Systematic Process of Objectively