Define Auditing in financial Management
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ᴀɴsᴡᴇʀ :-
☞ᴀ ғɪɴᴀɴᴄɪᴀʟ ᴀᴜᴅɪᴛ ɪs ᴀɴ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴇxᴀᴍɪɴᴀᴛɪᴏɴ ᴀɴᴅ ᴇᴠᴀʟᴜᴀᴛɪᴏɴ ᴏғ ᴛʜᴇ ғɪɴᴀɴᴄɪᴀʟ sᴛᴀᴛᴇᴍᴇɴᴛs ᴏғ ᴀɴ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ ᴛᴏ ᴍᴀᴋᴇ sᴜʀᴇ ᴛʜᴀᴛ ᴛʜᴇ ғɪɴᴀɴᴄɪᴀʟ ʀᴇᴄᴏʀᴅs ᴀʀᴇ ᴀ ғᴀɪʀ ᴀɴᴅ ᴀᴄᴄᴜʀᴀᴛᴇ ʀᴇᴘʀᴇsᴇɴᴛᴀᴛɪᴏɴ ᴏғ ᴛʜᴇ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴛʜᴇʏ ᴄʟᴀɪᴍ ᴛᴏ ʀᴇᴘʀᴇsᴇɴᴛ
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A financial audit is an objective examination and evaluation of the financial statements of an organization to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent.
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