The Role of Auditors in the Accounting Process

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why is an auditor important in the world of accounting?

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1. The guidelines for financial reporting that all accounting professionals must follow are called _____.

2. GAAP standards require that a(n) _____ be included in the notes to the financial statements.

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About This Quiz & Worksheet

Gauge your understanding of financial audits and the key requirements of the auditing process using this multiple choice quiz and printable worksheet. Keys topics that you will be quizzed on are the steps in the auditing process and auditing standards.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • Person in charge of financial review
  • Guidelines for financial reporting
  • Process of reviewing tax records

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the auditing process lesson
  • Information recall - access the knowledge you've gained regarding the guidelines for financial reporting
  • Knowledge application - use your knowledge to answer questions about the process of auditing tax records

Additional Learning

To learn more about auditors, review the accompanying lesson, The Role of Auditors in the Accounting Process. This lesson covers the following objectives:

  • Explaining the role of an auditor
  • Clarifying the process of a financial audit
  • Defining notes to the financial statement
  • Detailing what is required for a financial report
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