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Management · Q23

Management Accounting

Graduate and Post Graduate · Management · question 23

Q23

Process of analyzing and reviewing financial records to check integrity of company financial reports is a/an

A.
internal audit
Answer
B.
external audit
C.
functional audit
D.
treasury audit

Answer: Option A

Solution

Answer: Option A
Solution:
Process of analyzing and reviewing financial records to check integrity of company financial reports is an internal audit. An internal audit offers risk management and evaluates the effectiveness of a company's internal controls, corporate governance, and accounting processes.