Question

what is auditing,what are it's advantages?

Answer 1

Auditing refers to examining the Financial Statements of a Company/business entity and giving an opinion on it.  Auditing is done by an 'Auditor' Some of it's advantages are: 1) To make the Companies/ entity pay the correct amount of tax. 2) To show the shareholders,creditors the financial performance of the company. 3) To make the company/ entities comply with the rules and regulations of the regulatory authorities.