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what is auditing?
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"Audit is the process and Assurance is the product"
Audit is the process of testing client's financial reports (audit) in order to give our client the confidence that their report is what it seems to be (assurance).
The objective of audit is to give assurance that financial statements give true & fair view.
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Answer / srikant sahu
My knowlage audit is find out the financial working of a company or depatment in a particular financial year ,its posting true or fair.
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