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General Business Nov 2022 - "Auditing: What it is & Why It's Done"

General Business Nov 2022 - "Auditing: What it is & Why It's Done"

Excerpt

Auditing: What it is & Why It's Done

Auditing typically refers to an objective review of a company’s financial statements, which consists of the cash flow statement, the income statement and the balance sheet. It analyzes the level of accuracy that the business has characterized its financial records. The process looks at how a business documents investing, financing and operating ventures...............

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