173k views
5 votes
An official examination of a financial report submitted by an individual or organization to determine whether it accurately represents expenditures, deductions, or other allowances determined by laws and regulations is called a(n):

User Jmq
by
7.0k points

1 Answer

6 votes

Answer:

Audit.

Step-by-step explanation:

An official examination of a financial report submitted by an individual or organization to determine whether it accurately represents expenditures, deductions, or other allowances determined by laws and regulations is called an audit. An audit is a means of financial control. It is a careful examination of the operations and activities of an entity to be sure that they are within the framework of the laws and regulations.

User Looney
by
6.5k points