In accounting, ____ is the process of examining records to determine whether generally accepted accounting principles were applied correctly in preparing financial reports.
A) Access
B) auditing
C) monitoring
D) certifying

Question

Quizplus · Accepted Answer

Auditing is the process of examining records to determine whether generally accepted accounting principles were applied correctly in preparing financial reports. Access and monitoring are not specific to accounting and certifying refers to issuing a formal statement attesting to the accuracy of financial statements, rather than the process of examining records to ensure accounting principles were applied correctly.

In Accounting, ____ Is the Process of Examining Records to Determine