1. Which of the following best defines auditing?

a. Process of gathering and evaluating evidence about information to determine the degree of correspondence between the information and the standards used to prepare the information.

b. Process of gathering and evaluating evidence about information to determine the degree of correspondence between the information and the accuracy of the financial statements.

c. The process of gathering and evaluating evidence about information to determine the degree of correspondence between generally accepted accounting principles (GAAP) and the standards used to prepare the information.

d. None of the above.