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What do auditors do? Which of these activities are done internally or externally?
analyse
give
prepare
provide
spend
gather
examine
guarantee
maintain
Asarule,auditors...
1.
timegettingtoknowthebusinessaswellastheenvironmentandtheindustryinwhichitoperates
2.
theinternalbusinessandfinancialsystemsusedtomakeandrecordtransactions
3.
evidenceonthefinancialcontrolsystemsandthefiguresinthefinancialstatements
4.
adviceonthebusinessmethodsandtransactionsofthecompany
5.
financialstatementstodeterminewhethertheyconformtogenerallyacceptedaccountingprinciples
6.
thefinancialstatementsinaccordancewiththegenerallyacceptedaccountingprinciples
7.
thecorrectnessofthefigurespresentedintheaccounts
8.
consultingservices
9.
confidentialityandindependence