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What is auditing?
Auditing refers to the review process in a systematic manner of books, data, accounts or any documents related to business so that financial statements have a real worth. In tune with legal requirements, a company needs to have its financial statements objective and fair so that there is transparency observed in regards with the income of a respective company and its financial position. This review process is considered very essential for all businesses.
Why is it important?
With the booming growth of all businesses worldwide, it is very crucial for all companies to have a comprehensive and apt audit report. It is the job of an auditor to collect data and other fruitful evidences and then engage in the evaluating process so that financial performance and operations is seen and perceived in true light under the eyes of law. The importance of studying this subject for a student can open many doors of opportunities for a promising and flourishing career.
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