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What is auditing in accounting?

access_time 2023-05-12T04:40:10.084Z face Wasiur
What is auditing in accounting? Auditing in accounting refers back to the procedure of inspecting and comparing economic statements, records, and other files of an organization to determine whether they are correct and comply with relevant accounting principles, laws, and guidelines. Auditing plays ...
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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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