The examination and review of accounting reports to ascertain their fairness, propriety, and reliability is called.

• A. Tax Accounting
• B. Auditing
• C. Cost Accounting
• D. Accounting Education

Answer: (B)

Auditing is the examination and review of accounting reports to ascertain their fairness, propriety, and reliability. It involves checking the underlying records, evaluating the evidence, and testing internal controls to ensure that the financial statements present a true and fair view in accordance with applicable accounting standards and laws. This process provides assurance to users such as investors and lenders that the statements can be trusted. The other options focus on different areas: tax accounting deals with tax computations and compliance; cost accounting analyzes costs for planning and control; accounting education concerns teaching and learning in the field.