Auditing refers to

A. Reporting the financial information

B. Examination of financial information

C. Preparation of financial statements

D. Maintaining the ledger accounts

Answer: Option B

Solution(By Examveda Team)

Auditing refers to Examination of financial information. A financial audit is an objective examination and evaluation of the financial statements of an organization to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent.

This Question Belongs to Commerce >> Accounting

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