Which of the following is a formal evaluation of a client’s financial
QUESTION
Which of the following is a formal evaluation of a client’s financial records?
A) annual report
B) double-entry bookkeeping
C) budget
D) audit
E) trial balance
ANSWER
Answer: D
Explanation: D) An audit is a formal evaluation of a client’s financial records, usually by an outside independent agent, to determine their fairness and reliability.
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