Final answer:
Reviewing and testing to be certain that proper accounting policies and practices have been followed is an important part of the auditing process in accounting.
Step-by-step explanation:
Reviewing and testing to be certain that proper accounting policies and practices have been followed is an important part of the auditing process in accounting. Auditors review financial records, transactions, and documents to ensure compliance with established accounting standards and regulations.
For example:
An auditor might verify that revenue is recognized correctly, expenses are recorded accurately, and assets and liabilities are properly valued.
By conducting various tests and examinations, auditors can verify the accuracy and reliability of financial information, providing assurance to stakeholders.