Question

The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as ____.

A. activity-based costing

B. budgetary auditing

C. budgeting

D. financial audits

E. budget planning

Answer 1

Budgetary auditing is the process of investigating and comparing budget data to verify accomplishments or remedy differences.

Step-by-step explanation:

The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as budgetary auditing. Budgetary auditing involves reviewing financial information, analyzing budgeted versus actual expenses, and identifying any discrepancies. It helps organizations ensure that their financial resources are being used effectively and efficiently.