Holly Lane is an accountant with Mildred & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey their financial records, assess their compliance with federal and state laws, and provide an opinion reflecting the state of the company's financial records. Holly's assessment of the financial records of Maine Manufacturers is called a(n) ________.

Question

Quizplus · Accepted Answer

An audit is a review of financial records to provide an opinion on the accuracy and completeness of the financial statements. This is what Holly Lane was asked to do for Maine Manufacturers. The other options listed (probate, arraignment, and easement) are not related to financial record assessments.

Holly Lane Is an Accountant with Mildred & Lane Co