The correct answer is: B. Accounting
Auditing is the process of reviewing and verifying financial statements and other records to ensure that they are accurate and complete. It begins with the collection of evidence, which can be in the form of documents, records, or interviews. The auditor then analyzes the evidence and forms an opinion on the fairness of the financial statements.
Accounting is the process of recording, classifying, and summarizing financial information. It is used to track the financial performance of a business and to prepare financial statements. Accounting is the foundation of auditing, as it provides the information that auditors need to perform their work.
Selling is the process of exchanging goods or services for money. It is the final step in the business process, and it is where the business generates revenue. Selling is not directly related to auditing, as it does not involve the review of financial information.
Inventory is the stock of goods that a business has on hand. It is used to track the cost of goods sold and to calculate the value of the business’s assets. Inventory is not directly related to auditing, as it does not involve the review of financial information.
Business is the activity of making and selling goods or services. It is a broad term that encompasses a wide range of activities, from small businesses to large corporations. Business is not directly related to auditing, as it does not involve the review of financial information.