A(n) ___________ is an evaluation and unbiased opinion of the accuracy of a firm's financial statements.
A) internal audit
B) annual report
C) independent audit
D) certified audit

Question

Quizplus · Accepted Answer

An independent audit is conducted by an external auditor who gives an unbiased opinion about the accuracy of a firm's financial statements. Internal audit refers to the evaluation of a firm's internal controls and financial processes by its own employees. Annual report is a document that provides an overview of a firm's financial performance and operations during a particular year. Certified audit is not a commonly used term in accounting and auditing, and may refer to various types of audits that are not necessarily independent or unbiased.

A(n) ___________ Is an Evaluation and Unbiased Opinion of the Accuracy