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Which of the following statements best describes the relationship between accounting, auditing, and risk? A. Accounting is focused on recording and reporting financial transactions, auditing

Which of the following statements best describes the relationship between accounting, auditing, and risk?

A. Accounting is focused on recording and reporting financial transactions, auditing ensures the accuracy of these records, and risk management involves identifying and mitigating potential threats to an organization's objectives.

B. Accounting and auditing are interchangeable terms, both referring to the process of financial reporting, while risk management is a separate function dealing with operational challenges.

C. Accounting is primarily concerned with risk management, while auditing is the process of financial reporting and verification.

D. Auditing is the main function of accounting, and risk management is a secondary consideration in financial reporting.

Choose the correct option:

A

B

C

D

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