Using MIS (10th Edition)
Using MIS (10th Edition)
10th Edition
ISBN: 9780134606996
Author: David M. Kroenke, Randall J. Boyle
Publisher: PEARSON
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Chapter 11.5, Problem 1SGDQ

Explanation of Solution

Audit:

Audit is nothing but an action taken to examine the content of books, accounts, statutory records, documents and vouchers of an organization to make sure whether the financial and non-financial disclosures are true and fair.

  • Audits are even conducted virtually in every industry.
  • The most common implementation of audits is accounting audits where the accounting auditors work to make sure the accuracy of the company’s financial records...

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