Question

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What do you understand by Auditing ? Explain its objects and
advantage in brief.​

Answer 1

Answer:

Auditing simply refers to the evaluation of business books of accounts & vouchers. It is done to make sure whether all the financial transactions are accurately recorded. Auditing aims at finding out the errors from books of accounts of the business. It aims at the prevention of frauds.

Answer 2

Answer:

The main object of audit is the verification of the books and the financial statements of the company concerned. ... So audit main object and advantage is that fraud may be detected and prevented. Auditor may also suggest various methods of internal check which will prevent fraud

Explanation:

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