Question

4 Explain Iriportance of audit Bogsartre
andets and its advantages?​

Answer 1

Auditing provides credibility to the financial statements of a company and gives confidence to the shareholders that the accounts are true and fair. It also helps to improve the company's internal controls and systems and helps to identify the weaknesses in the systems giving scope for making improvements.

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Answer 2

Answer:

Auditing provides credibility to the financial statements of a company and gives confidence to the shareholders that the accounts are true and fair. It also helps to improve the company's internal controls and systems and helps to identify the weaknesses in the systems giving scope for making improvements.

Explanation:

Auditing provides credibility to the financial statements of a company and gives confidence to the shareholders that the accounts are true and fair. It also helps to improve the company's internal controls and systems and helps to identify the weaknesses in the systems giving scope for making improvements.