An examination of the financial statements of a business to ensure that they conform to
generally accepted accounting principles is called:
A) a certification.
B) an audit.
C) a verification.
D) a validation.
Answer: B
Explanation: The technical term for the examination of the financial statements to ensure that
they represent what they claim to, and conform with generally accepted accounting principles, is
an audit.
An examination of the financial statements of a business to ensure that they conform to generally accepted accounting p
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