Many accounting professionals work in one of the following three areas:
A. Managerial accounting
B. Financial accounting
C. Tax accounting
Identify the area of accounting that is most involved in each of the following responsibilities:
1. Reviewing reports for SEC compliance.
2. Planning transactions to minimize taxes.
3. Investigating violations of tax laws.
4. Preparing external financial statements.
5. Budgeting.
6. Cost accounting.
7. External auditing.
8. Internal auditing