Question

importance of auditing in 5 points simple answer​

Answer 1

Answer:

1.The audit helps in the detection and prevention of errors and frauds

2.Audit creates confidence among stakeholders such as creditors, debenture holders, and banks, etc

3.Audited statements ensure compliance with legal requirements such as listing requirements of stock exchange etc.

4.An audit is important as it provides credibility to a set of financial statements and gives the shareholders confidence that the accounts are true and fair.

5.It can also help to improve a company's internal controls and systems.

Explanation:

Pls Mark Me brainliest