Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What Do You Understand By Financial Auditing Of A Company?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mellorando, post: 206006, member: 37973"] Possibly at the end of every year the financial records of the business needs to be audited by special directives therefore, An audit refers to an examination of the financial statements of a company. Audits are conducted to provide investors and other stakeholders with confidence that a company's financial reports are accurate. Companies do auditing because, Audits provide valuable information about a business. Many times, businesses will conduct audits to determine areas of their business that could benefit from improvement. ... A financial audit helps business owners understand how their business operates, uses money, and assumes risk. The audit can be conducted internally by employees of the organization or externally by an outside Certified Public Accountant firm.The objective of an audit is to form an independent opinion on the financial statements of the audited entity. The opinion includes whether the financial statements show a true and fair view, and have been properly prepared in accordance with accounting standards. Finally, auditing helps in the detection and prevention of errors and frauds. The audit helps in maintaining the records and verification of books of the books of accounts. The independent opinion of the auditor is extracted through auditing which is extremely essential for the management of the company. Below are the various steps of auditing a company: *Steps to do an Audit Process of a Company: 1 You should be Clear about Your Mission. 2 Evaluate Your Mission. 3 Identify Potential Errors. 4 Develop a Strategy. 5 Inform the Organization. 6 Check All the Outgoing Payment Validity. 7 Keep a Check on All the Company Deposits. 8 Review all Financial Statements. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
What Do You Understand By Financial Auditing Of A Company?
Top