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Day: December 30, 2016

Importance Of Auditing To Companies

Importance Of Auditing To Companies

Auditing helps in evaluating effectiveness of the company internal controls. It is vital to maintain effective system of internal controls in order to achieve objectives of the company, to obtain financial reporting about its preventions this will prevent fraud as well as misappropriation of the assets and to minimize cost of capital. Internal and independent auditors help in contributing the company audit system in various ways. Having a good audit system is vital for a company because it helps to…

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