The term 'Examination of Accounts' is often used in the context of an AUDIT, which is a five-letter word. An AUDIT is an independent examination of financial information of any entity, whether it be a company, government, individual, or any other organization. It is conducted to ensure accuracy and reliability of the financial statements and to detect any fraud or mismanagement. The purpose of an AUDIT is to provide an opinion on the fairness of the financial statements. During an AUDIT, the auditor will examine the accounts of the entity in order to verify the accuracy of the financial statements. This includes reviewing the accounting records, verifying the accuracy of the transactions, and assessing the internal controls of the entity.