Auditing is an official examination and verification of accounts or records. A lot of times people are referring to financial audits, but auditing applies in many more areas than finance. Here in America when people hear auditing, their first natural thought might be the Internal Revenue Service (IRS) . Pretty much everyone feels queasy if the IRS contacts them because they are being audited. It happened to me one time, and the auditor said, “Hold on, we think we owe you money!” ...
1. Why Auditing Is Important
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