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Both auditing and investigation involve examining and evaluating financial information to ensure accuracy and compliance. They both require gathering evidence, analyzing data, and drawing conclusions based on findings. Both processes aim to uncover errors, fraud, or illegal activities.
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Where auditing ends investigation begins. explain?
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Where auditing ends investigation begins. Explain this statement?
Auditing investigates account details, bookkeeping methods, procedures, and practices. If any irregularities or suspicious situations are noted an investigation may be recommended.
What are similarities between accounting and auditing?
The similarities between auditing and accounting is that both are concerned with keeping records of a business. The other similarity is that both ensure that the correct financial statement of a business are prepared.
Why does investigation begin where auditing ends?
Because if the audit has found an irregularity, then the reason for and source of this irregularity must be discovered and discovery requires an investigation.
What has the author Thomas W Golden written?
Thomas W. Golden has written: 'The auditor's guide to forensic accounting investigation' -- subject(s): Auditing, Forensic accounting, Fraud investigation
Where auditing endsinvestigation begins.Explain.?
Auditing involves reviewing financial records and procedures to ensure compliance with regulations and accuracy of information. Investigation starts when suspicions of fraud or misconduct arise, requiring a deeper dive into specific transactions or activities through interviews, forensic analysis, and legal actions. Essentially, auditing focuses on general assessments of controls and processes, while investigation delves into specific incidents or allegations with the aim of uncovering wrongdoing.
What are the ddifferences betwween auditing and investigation?
1) The purpose of audit is to determine the true and fair view of any given process or book of records, however the purpose of investigation varies. In terms of business - investigation might take place on the audit findings. 2) Audit can be done on a sample basis, however investigation has to be thorough. 3) An audit is conducted without any prior knowledge of the flow/unfair practices, however investigation is majorly conducted on a finding/realization of an unfair practice.
What has the author J Donald Warren written?
J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing
What has the author Vivian R V Cooper written?
Vivian R. V. Cooper has written: 'Manual of auditing' -- subject(s): Auditing 'Student's manual of auditing' -- subject(s): Auditing
What is meant by auditing?
auditing is a review process,usually of accounting procedures
What is Auditing practices and methodology of firms?
What is Auditing practices and methodology of firms?"
How auditing begins where accounting ends?
Auditing begins where Accountancy ends.
