Which term is described as the professional who verifies financial records for accuracy and compliance?

• A. Budget Analysis
• B. Auditor
• C. Controller
• D. Management Accounting

Answer: (B)

The term described refers to the auditor. Auditors examine financial statements and supporting records to confirm their accuracy and ensure they comply with applicable standards and laws. They can work internally within an organization or externally as independent reviewers, gathering evidence, testing controls, and forming an opinion on whether the financial reports fairly reflect the company’s position. This role centers on verification and assurance, rather than on planning, operating, or producing internal analyses. Budget analysis focuses on planning and monitoring variances between actuals and budgets, the controller oversees day-to-day accounting and financial reporting, and management accounting provides internal insights for decision-making. So, the auditor best fits the description of someone who verifies records for accuracy and compliance.