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Auditing is an independent appraisal performed by an independent expert.
Financial statement audits are the procedure of examining financial statements of a company to deliver an opinion as to whether the statements are justly presented.
Auditors analyze and compare financial statements or accounting reports and confirmation documents, verifying companies’ records with the standards and regulations of the South African Law.
The goal of having an audit done (internally or externally) – is to perform a careful assessment of a company’s financial records and provide a company with suggestions for possible improvement.
What is the difference between accounting and auditing?
Accounting is a means of providing the financial documentation that is needed for an audit and an audit is a means of ensuring that the information provided is dependable.
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