Q33
Auditing refers to
A.
Reporting the financial information
B.
Examination of financial information
AnswerC.
Preparation of financial statements
D.
Maintaining the ledger accounts
Answer: Option B
Solution
Answer: Option B
Solution:
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.