What Is Audit Process?



What Is Audit Process?..

Answer / Ankit Gaur

The audit process is an independent examination of an organization's financial statements, internal controls, and compliance with laws and regulations. It aims to provide assurance that the financial statements are accurate, complete, and fairly present the organization's financial position, results of operations, and cash flows. The audit process typically involves planning, risk assessment, evidence gathering, evaluation, and reporting.

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