The process of examining the financial statements of an entity by an independent third party with the objective of expressing an opinion about the fairness of the presentation of the entity's financial position, results of operations, changes in financial position, and cash flows.

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a. Accounting b. Entity C. Financial accounting d. Bookkeeping . p. Generally accepted accounting principles q. Internal auditing Securities and Exchange Commission e. Certified Public Accountant S. Financial Accounting Foundation f. Managerial accounting g. Cost accounting h. Certified Management Accountant i. Auditing j. Public accounting k. Certified Internal Auditor 1. Generally accepted auditing standards m. Cash flows n. Controller o. Independence t. Financial Accounting Standards Board u. Statements of Financial V. Accounting Standards Cost Accounting Standards Board w. Governmental Accounting Standards Board x. Accrual accounting y. Integrity Z. Objectivity