How audit works , Accounting, Basic Statistics

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A methodical selection of the adequate, qualified evidential issue needed to verify the equity of management''s claims in the fiscal reports or to assess whether management has wisely done its obligations. The auditor gets this evidential issue through examination, statement, questions, and confirmations with third events. Talk about COMPLIANCE AUDIT, CORRECTIVE ACTION PLAN, FINANCIAL AUDIT, PERFORMANCE AUDIT, AND SINGLE AUDIT.

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