Question

Factors considered essential for the audit of a company

Answer 1

Answer:

financial statements of the company

Explanation:

the financial statements of a company is required, and an honest auditor

Answer 2

Factors essential for the audit of a company

Explanation:

Audit is inspection of books of accounts of an organization by some internal member or by some outside independent body on regular interval of time. there are various factors which are considered essential for the audit of the company, such as-

• the first and the most essential thing to be audited are the books of account . the auditor must check in detail all the books of account if they are maintained as the the accounting procedure and rules or not.
• the auditor must also check if the laws are followed while maintaining and conducting the business or not.
• The auditor must also check the functioning of management and ensure that they work in the interest of all the stakeholders.

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Factors considered essential for the audit of a company

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