An official examination of a financial report submitted by an individual or organization to determine whether it accurately represents expenditures, deductions, or other allowances determined by laws and regulations is called a (n) :

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Social Studies

Bailee Krueger

9 April, 21:09

An official examination of a financial report submitted by an individual or organization to determine whether it accurately represents expenditures, deductions, or other allowances determined by laws and regulations is called a (n) :

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Shelby · Answer 1

Audit.

Explanation:

An official examination of a financial report submitted by an individual or organization to determine whether it accurately represents expenditures, deductions, or other allowances determined by laws and regulations is called an audit. An audit is a means of financial control. It is a careful examination of the operations and activities of an entity to be sure that they are within the framework of the laws and regulations.