________ is a review of financial and business records to ascertain integrity and compliance with standards and laws, particularly by the U.S. Internal Revenue Service.
A) Scrutiny
B) Assessment
C) Due diligence
D) Audit

Question

Quizplus · Accepted Answer

Audit is the best choice as it specifically refers to a review of financial and business records for the purpose of determining compliance with standards and laws, particularly by the U.S. Internal Revenue Service. Scrutiny and assessment may have similar meanings, but are not as specific to financial and legal compliance as an audit. Due diligence is a more general term that can refer to a range of investigations into a company's operations, including financial and legal compliance, but again, an audit is specific to financial and legal compliance.

________ Is a Review of Financial and Business Records to Ascertain