Final answer:
The term that correctly defines an individual who maintains financial records conducts audits, and prepares financial and tax reports is an accountant, although an auditor also plays a related role in reviewing financial statements.
Step-by-step explanation:
The term that best defines one who keeps, audits, and inspects the financial records of a business and prepares financial and tax reports is an accountant. An accountant is a professional who performs the functions of maintaining accurate financial records, ensuring compliance with regulations, and providing tax services. An auditor could also be considered in this context, as they specifically focus on reviewing the financial statements to ensure their accuracy and reliability. However, the key distinction is that auditors primarily assess the work done by the accountant to ensure it adheres to the standards. A bookkeeper generally maintains the daily records of transactions but does not typically have the responsibility of preparing financial reports or performing audits. A financial analyst analyzes financial data to assist in making business decisions but does not typically carry out audits or prepare tax returns.