Question

Discuss in brief the example of Auditing.​

Answer 1

Answer:

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Explanation:

For example, an auditor looks for inconsistencies in financial records. ... An audit might include collecting a sample from a pool of data using a specific protocol and analyzing the findings to generalize about the data pool's characteristics.

Answer 2

Explanation:

Purchasing System. A purchasing system offers another example of auditing. A large organization needs a set of operating procedures, or internal controls, to ensure that the raw materials and finished goods acquired by its employees represent the best use of financial resources, such as being cost efficient.