Which of the following terms refers to a formal evaluation of the fairness and reliability of a client's financial statements?
A) cost accounting
B) audit
C) control
D) bookkeeping
E) management accounting

Question

Quizplus · Accepted Answer

A)Audit is a formal evaluation of the fairness and reliability of a client's financial statements. Certified public accountants are authorized to perform audits.
B)Audit is a formal evaluation of the fairness and reliability of a client's financial statements. Certified public accountants are authorized to perform audits.
C)Audit is a formal evaluation of the fairness and reliability of a client's financial statements. Certified public accountants are authorized to perform audits.
D)Audit is a formal evaluation of the fairness and reliability of a client's financial statements. Certified public accountants are authorized to perform audits.
E)Audit is a formal evaluation of the fairness and reliability of a client's financial statements. Certified public accountants are authorized to perform audits.

Which of the Following Terms Refers to a Formal Evaluation