Audits in Accounting

Audits In Accounting

Audits are performed toascertain the validityand reliability of ...More
Audits are performed toascertain the validityand reliability ofinformation; also toprovide an assessment ofa system's internalcontrol. The goal of anaudit is to express anopinion on the person /organization / system(etc.) in question, underevaluation based on workdone on a testbasis.    Due to practicalconstraints, an auditseeks to provide onlyreasonable assurance thatthe statements are freefrom material error.Hence, statisticalsampling is often adoptedin audits. In the case o Less

Audits in Accounting

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Audits are performed to ascertain the validity and reliability of information; also to provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person / organization / system (etc.) in question, under evaluation based on work done on a test basis.
   Due to practical constraints, an audit seeks to provide only reasonable assurance that the statements are free from material error. Hence, statistical sampling is often adopted in audits. In the case o
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