A(n) ____________ is an examination of the financial records of an organization to determine whether the records are a fair representation of the actual financial health of the organization.

Question

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An audit is an examination of the financial records of an organization to determine whether those records are a fair representation of the actual financial health of the institution. To be effective, an audit is usually conducted by an outside, independent auditor.

A(n) ____________ Is an Examination of the Financial Records of an Organization