Accountancy, asked by surshgaikwad82, 4 months ago

error and fraud already committed can be discovered under the system of

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Answered by shivrajtrader
1

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Answered by Chaitanya1696
0

We need to answer the question as to how errors and fraud which have already been committed be discovered.

  • The system through which the errors and fraud which are already committed be found is called the system of auditing.
  • The system of auditing is carried out by the company's auditor
  • Auditing is done by verifying documents and bills.
  • Documents and bills are proof that the transaction has taken place.
  • In case of error and fraud, there will be no supporting documents.
  • So in this way errors and fraud can be found out
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