Explain briefly audit process
Explain briefly audit process?
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The term 'Audit ' is an imitative of the term 'Audition' that means 'to hear'. In past times, the Kings employed to hear their accountants report the accounts verbally. But, as the difficulty of the accounting function grew, need was felt to comprehensively check the accounts for errors misclassification and document the findings in a written form so that it can be employed by the Management, investors , stakeholders, Government and different other bodies. This process is named as Audit or Auditing.
Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a
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Hi would you be able to finish this assignment before sunday 11 pm My chosen company is NORFOLK GROUP PTY LTD
Elucidate how to do an internal audit successful?
1. A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. There are three bon
How does the internal audit vary from an external audit?
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What to do after the audit?
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