Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.

Sagot :

Answer:

Auditing

Explanation:

Auditing means the audits of the financial statement or the objective examination and the financial statement of the company could be evaluated. It is performed by the third party i.e. auditor. It can be performed by the internal parties and government entity like the internal revenue service

So the review and evaluation of the financial records is called as the auditing