No, any inventory work is an audit.
By an unbiased 3d party
vouching is the backbone of the audting because with the help of vouching all errors and frauds can be detected so that is very useful in this sense
Descriptive auditing in Ethiopia refers to an approach that emphasizes a detailed examination and presentation of financial statements and operational processes within organizations. This method aims to provide stakeholders with a clear understanding of the financial health and operational efficiency of entities, often highlighting areas for improvement. It plays a crucial role in enhancing transparency and accountability in both public and private sectors, aligning with Ethiopia's broader goals for economic development and good governance.