1.4 Simulation One i Saved 4 Many accounting professionals work in one of the following three areas. A. Financial accounting B. Managerial accounting C. Tax accounting 8.75 points Identify the area of accounting that is most involved in each of the following responsibilities. 8 02:35:53 Area of Accounting eBook References Responsibilities 1. Internal auditing 2. Cost accounting 3. Preparing external financial statements 4. Estate planning 5. Budgeting 6. Consulting with treasurer on cash flows 7. External auditing 8. Enforcing tax laws