Any attempt to verify outcomes and to compare them with standards can be considered a(n) _____ activity, although many smaller firms do not use this word.

A) ethical
B) auditing
C) formal
D) informal
E) accounting

Auditing Activity

The systematic examination and evaluation of the financial statements, records, and operations of an organization to ensure accuracy and compliance with established standards.

Standards

Established and widely accepted benchmarks or criteria within an industry or field that act as a framework for determining quality, performance, or compliance.