In accounting, an audit refers to a systematic review and assessment of a company’s financial records, transactions, and statements by an independent auditor or accounting firm. The objective of an audit is to determine whether the financial statements and records accurately reflect the company’s financial position, performance, and financial affairs. During an audit, the auditor […]
Here’s an example of an audit working paper: Client: XYZ Company Audit Date: May 19, 2023 Prepared By: [Auditor’s Name] Reviewed By: [Supervisor’s Name] Objective: The objective of this audit working paper is to document the procedures performed and the findings during the audit of XYZ Company’s financial statements for the fiscal year ending December […]
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