{"id":1446,"date":"2021-03-12T10:32:15","date_gmt":"2021-03-12T10:32:15","guid":{"rendered":"https:\/\/www.daroracpa.com\/Darora\/?page_id=1446"},"modified":"2022-08-26T22:00:46","modified_gmt":"2022-08-26T22:00:46","slug":"audit","status":"publish","type":"page","link":"https:\/\/www.daroracpa.com\/audit\/","title":{"rendered":"Audit"},"content":{"rendered":"
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Audit<\/h2>\r\n <\/div>\r\n <\/div>\r\n
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Auditing typically refers to budget audits or an objective examination and evaluation of a company\u2019s financial statements \u2013 usually performed by an external third party. \r\n
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These are the three types of audits:<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n

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Internal Audit <\/h5>\r\n <\/div>\r\n <\/div>\r\n
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Performed by the employees of the company, these audits are not shared outside the organization.\r\n
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These are usually prepared for management and internal stakeholders.\r\n
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Management teams often utilize internal audits to spot flaws or inefficiencies within the corporation.<\/p>\r\n

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External Audit<\/h5>\r\n <\/div>\r\n <\/div>\r\n
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Performed by third parties and external organizations. They provide unbiased views that internal auditors might not be able to give.\r\n
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External financial audits work out any material misstatements or errors during a company\u2019s financial statements. External auditors can provide unbiased and independent expertise that you may not get in an internal audit.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n

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Government Audit<\/h5>\r\n <\/div>\r\n <\/div>\r\n
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These are to ensure that the financial statements are maintained accurately and correctly represent the quantity of taxable income of a corporation.\r\n
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Government auditing is also known as Yellow Book.\r\n
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This is usually an independent and systematic examination of financial statements.<\/p>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n

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I’m in!<\/span><\/a>\r\n <\/span>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"

Audit Auditing typically refers to budget audits or an objective examination and evaluation of a company\u2019s financial statements \u2013 usually performed by an external third party.  These are the three types of audits: read more Internal Audit Performed by the employees of the company, these audits are not shared outside the organization. These are usually […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width-page.php","meta":{"content-type":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/pages\/1446"}],"collection":[{"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/comments?post=1446"}],"version-history":[{"count":20,"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/pages\/1446\/revisions"}],"predecessor-version":[{"id":3163,"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/pages\/1446\/revisions\/3163"}],"wp:attachment":[{"href":"https:\/\/www.daroracpa.com\/wp-json\/wp\/v2\/media?parent=1446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}