UNDERSTANDING BUSINESS (LL) >CUSTOM<
UNDERSTANDING BUSINESS (LL) >CUSTOM<
11th Edition
ISBN: 9781260660647
Author: Nickels
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17.2, Problem 3TP
Summary Introduction

To discuss: The meaning of independent audit and the job of auditor.

Introduction: Accounting is a process in which transactions are recorded, summarized, classified, analyzed and reported.

Audit is a process in which accounts of a company are examined and based on such examination a report is issued that contains the opinion of auditor regarding the accuracy of information and relevance of the standards issued.

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