Which of the following has the purpose of verifying that a company's financial statements were properly prepared in accordance with accounting standards?
A) income statement
B) audit
C) managerial accounting
D) horizontal analysis

Question

Quizplus · Accepted Answer

An audit is an independent examination of a company's financial statements performed by a qualified auditor to verify that they were prepared in accordance with accounting standards. The other three options do not specifically address the purpose of verifying that financial statements were prepared properly.

Which of the Following Has the Purpose of Verifying That