Auditing is a part of the accounting world. It is an examination of accounting and financial records that is undertaken independently. This is done to determine if the company or the business undertaking has conformed its operations to the laws and the generally accepted accounting principles. The main purpose of auditing is to certify that the accounts have been prepared according to the principles of accounting and to see whether the financial statements so prepared reflect a true and fair view of the state of affairs of a business. The basic principles of auditing are planning, honesty, secrecy, audit evidence, internal control system, skill and competence, work done by others, working papers, and legal frameworks. The engaging presentation will provide deeper understanding on the topic.

Sreekala P

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