Many accounting professionals work in one of the following three areas:
A. Financial accounting
B. Managerial accounting
C. Tax accounting
Identify the area of accounting that is most involved in each of the following responsibilities:
1. Investigating violations of tax laws.
2. Planning transactions to minimize taxes.
3. Preparing external financial statements.
4. Reviewing reports for SEC compliance.
5. Internal auditing.
6. External auditing.
7. Cost accounting.
8. Budgeting.
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