Question

8) Auditing in conducted on behalf of the
a) Board of Directors b) outsiders. c) Share holders d) Managers​

Answer 1

Answer:

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Answer 2

The correct answer is OPTION B: Outsiders.

• Accounting and auditing are both important aspects of a business's financial record-keeping process, but they serve different purposes.
• Accounting, on the other hand, covers everything from organizational structure to cash flow management.
• Auditing is a more specialized job.
• Accounting includes auditing. It is an unbiased assessment of accounting and financial records.
• This is done to see if the corporation or business venture adhered to GAAP requirements.