The technical process by which an independent person gathers evidence for determining if financial accounts conform to required accounting standards and if they are also reliable is known as:

Question

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The process described is that of an audit - an independent examination of financial accounts to determine compliance with accounting standards and reliability. Option A is incorrect because accounting guidelines refer to specific principles and procedures to be followed in accounting. Option B is incorrect because an operating procedure is a set of instructions detailing the steps necessary to complete a task or process. Finally, option C is incorrect because standardization refers to the process of establishing a standard or uniform way of doing something, which may or may not be related to accounting.

The Technical Process by Which an Independent Person Gathers Evidence