Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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