A verification of a company's books and records pursuant to federal securities laws, state laws, and stock exchange rules that must be performed by an independent certified public accountant (CPA) is known as a(n) ________.
A) probate
B) ademption
C) audit
D) deposition

Question

Quizplus · Accepted Answer

An audit involves an independent certified public accountant (CPA) verifying a company's books and records in accordance with federal securities laws, state laws, and stock exchange rules. Probate and ademption are related to the distribution of a deceased person's assets, and a deposition is a legal proceeding where a witness provides testimony under oath outside of a courtroom setting.

A Verification of a Company's Books and Records Pursuant to Federal