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What is auditing in accountancy?

April 26, 2017Accountancy Auditing Education Higher Education (University +) India Reference

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What is auditing in accountancy?

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The term “auditing in accountancy” means checking of the transactions entered in to the books of accounts with related vouchers and also checking of the financial statement prepared based on this books of accounts represent the true financial position of the business and is conformity with the books of accounts keeping in view the accepted accounting principles and policy governing an audit.