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Audit and assurance

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Why do we need audit of financial information?
Replies (3)
# To know how business is going on.
# Reliable and accuracy.
# To know your remarks/mistakes.
# To check perfect accounting.
# By auditing regularly, stakeholders may know the success of your business and increase trust worthy.
# Improve credit rating.
Audit of financial information is being carried out for the following purposes:
1.ascertain true and fair affairs of the organisation.
2. as certain the financial information is in conformity with the records .
3.is in conformity with the statutory provisions as applicable.
Yes... I agreed to above said replies...

&

Avoid Statutory Compliances in current & future...


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