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What is stock audit?

access_time 2023-05-11T04:45:03.413Z face Wasiur
What is a stock audit? Stock audit refers back to the procedure of verifying the bodily life, amount, and circumstance of inventory gadgets held by means of a organisation. The purpose of a inventory audit is to make sure that a corporation's inventory information appropriately replicate the real in...
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What is Audit

access_time 2023-05-10T05:09:11.179Z face Wasiur
What is Audit An audit is an independent, objective examination of financial statements, records, operations, or systems of an organization or individual, conducted by a qualified professional such as an auditor or accountant. The purpose of an audit is to provide reasonable assurance to stakeholder...
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What is Audit Risk?

access_time 2023-05-09T04:37:02.094Z face Wasiur
What is Audit Risk? Audit risk is the risk that an auditor expresses an inappropriate audit opinion on financial statements that are materially misstated. It arises because the auditor gathers audit evidence on a sample basis and cannot examine every transaction or event. As such, audit risk compris...
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Types of Audit

access_time 2023-05-08T04:28:19.1Z face Wasiur
Types of Audit Auditing is the process of examining and evaluating an organization's financial records, operations, and systems to ensure that they are accurate, reliable, and compliant with applicable laws and regulations. There are different types of audits that can be conducted depending on the s...
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How to control internal Audit

access_time 2023-05-06T05:20:45.728Z face Wasiur
How to control internal Audit? Internal audit is a crucial function in any organization as it helps in identifying risks, improving processes, and ensuring compliance with laws and regulations. To effectively control internal audits Here are some steps you can take: Define the scope of the internal ...
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