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Auditing has a supreme place in the field of accounting and finance. Students are given assignments on auditing to evaluate their capabilities and competencies related to audit topics as they have to become a successful auditor in future. Auditing helps in assessing the profit or loss of an organization. It evaluates the authenticity of the information provided in the balance sheet and accounts books of the organization. In fact, there are many types of auditing such as external audit, internal audit, tax audit, forensic audit and many others. You can get the explanation on the importance of auditing by availing our Auditing assignment help services.
Who is an auditor?
Students should be well aware of the role of an auditor to successfully complete their course of auditing. An auditor has to perform the following functions:
- Conducting a systematic perusal of the financial records as per the accounting standards
- Inquire about the operations of the organization related to financial reporting
- Evaluate the internal control system
- Putting the organization on a financially sustainable path
- Ensuring that the information reported on the financial records is true and accurate
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