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can external audit be seen as
merely an overhead cost adding
no value to the orgnisation

Question Posted / holler


can external audit be seen as merely an overhead cost adding no value to the orgnisation..

Answer / richa

no doubt its a overhead cost to the company, but its also
give value addition to the orrganisation when some qualified
chartered accountant give opinion that all financial
statements represent true and fair view there is no material
missatement. Stakeholder can rely on this opinion and make
investment in the company, so it give value addition.

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