The use of electronic funds transfers makes check writing unnecessary

Independent auditing can best be described as

A) A branch of accounting. B) A discipline that provides assurance regarding the results of accounting and other functional operations and data. C) A professional activity that measures and communicates financial and business data. D) A regulatory function that prevents the issuance of improper financial information.

Formation of a cartel like OPEC, consisting of oil-producing companies, would most likely be illegal in the United States

Indicate whether the statement is true or false