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Answered by
a year ago
An audit is the examination of the financial report of an organisation - as presented in the annual report - by someone independent of that organisation. The purpose of an audit is the expression of an opinion as to whether the financial statements are fairly presented in conformity with appropriate
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Answered by
9 years ago
Systematic examination and verification of a firm's books of account, transaction records, other relevant documents, and physical inspection of inventory by qualified accountants (called auditors).
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