Question

The best technique of audit is in an organised business is

Answer 1

The Three Different Types of Audits – Process, Product, and System.

Answer 2

The best technique of audit  in an organised business is through a proper analysis and inspecting, making observations, seeking an inquiry, through affirmations, by computing and using analytical methods.

Explanation:

• There are a various ways for auditors to conduct their process of auditing. Auditing is required to keep processes in a standard order and to prevent fraudulent or illegal process from taking place.
• The process of auditing is done  to check the correctness of the books of accounts, by verifying the data, balancing the profits and loss and to verify the authenticity of the transactions.
• Auditing verifies whether all the basic requirements are fulfilled and the validity of the results that are shown by income statement and the financial status of enterprise shown on the balance sheet.

To know more about auditing

What is difference between cost audit management audit and tax audit?

brainly.in/question/3681996