An examination of the company's financial statements and its accounting system, including its controls, is:

Question

Quizplus · Accepted Answer

An examination of the company's financial statements and its accounting system, including its controls, is an audit. A monitoring system involves ongoing surveillance and evaluation of a company's performance. A budgeting system involves the development and management of financial plans for an organization. None of these options include an examination of the company's financial statements and accounting system.

An Examination of the Company's Financial Statements and Its Accounting