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Audit-
From my understanding audit is checking the company financial information and record and statements and making sure that there are in line will all accouting procedures and there are following the rules of the law and the regulations of the business. This could either be done via the whole company or the whole department. Audit can be done internally and externally but only by certified people and business. Auditors give there opinion and evaluate the company's financial reports to make sure that there are in line to what there say there are. The job duties include looking at financial statements of the business and writing reports which evaluates the figures etc which will help business to grow. Auditors have proven there values to the economy and need to make sure that money is distributed in the fairest and most efficient way. Especially, with the current circumstances that the economy had faced such as Brexit and now the coronavirus it is essential that auditors look over all the business to make sure that finances and claims are done accurately. There are there to find the risk and identifying areas that money could be saved. So like evaluating the pros and cons

Audit is diffcult as you have to have a keen eye for detail and can be stressful and audits do have deadlines.

It’s all about making sure the numbers add up through careful analysis and administration to dot the I’s and cross the T’s. No stone is left unturned when protecting the financial health of an organisation.

Strong communication – you find it easy to articulate yourself on paper and in person, for writing up reports and presenting your findings

Problem-solving – you always look for opportunities to eliminate problems and present areas for improvement

Time management – you aren’t phased by deadlines and fast turnarounds



Do auditors travel alot?
Is writing reports etc diffcult and are there long.
Erm.... how is assurnace related to this as assurance is looking at the info and analysing it.


Is this Right and please answer the questions below
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HoldThisL
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since you clearly copied the first section from some kind of job description, what about it are you questioning
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I'm asking that is audit ther service line checking companies financial information and check that it meets the standards of accounting requirements and what do there include in the report
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Anon_D1010
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'the audit report' is very simple really. It's mainly boilerplate text. The important section of it that says "in our opinion the accounts are free from material misstatement and show a true and fair view" etc.
A lot of work and checking needs to be done to be able to say this. That's checking is the audit.
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(Original post by Anon_D1010)
'the audit report' is very simple really. It's mainly boilerplate text. The important section of it that says "in our opinion the accounts are free from material misstatement and show a true and fair view" etc.
A lot of work and checking needs to be done to be able to say this. That's checking is the audit.
Thanks, how is assurance linked to this
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