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What is Internal Audit & Control Overview about?

Auditing is not a luxury but rather a necessary part of accounting and business. It provides a check on the accounting records and financial statements to ensure they are accurate and that no errors or fraud have occurred. While accounting produces the financial statements, auditing independently evaluates them to provide assurance to outside parties such as banks, shareholders, and tax authorities. Different types of audits exist including financial audits, compliance audits, and operational audits. Audits

Author

Dilipk86

Language

EN