Audit

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Updated: Aug 20, 2021

Inspection of a set of books and/or accounts by a person other than the one who prepared them (with the object of ascertaining whether or not the books are properly kept and/or the accounts show a true and fair view of the state of affairs of the organization at the date stated) followed report to the persons by whom the auditor was appointed.

Reference: The Penguin Business Dictionary, 3rd edt.



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