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Types of Audit | Classification of Audit

An audit is a systematic examination of financial records for the purpose of verifying their accuracy and detecting fraud or other irregularities. Types of Audit There are many different types of audits, and we will be discussin…

What are the Primary Objectives of Audit

Four Primary Objectives of Audit The objectives of an audit are also known as the initial goals of the auditing. They are usually as follows: verifying post-entry processing, checking accounting accuracy of financial records, a…

Internal Control | Components Of Internal Control

Internal Control   Internal control, as defined in many accounting and audit publications, is an important method for ensuring the safety of an entity's goals in terms of reliability, financial reporting, and adherence to pol…

Advantages Of Audit |Inherent Limitations of Audit

Today we will discuss the Advantages and Inherent Limitations of Audit Now as we already know that different entities have different sizes and legal structures and are regulated by different laws or statutes or internal rules &am…

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