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MTP_ Intermediate_Syllabus 2016_June 2019_Set1Paper 12 Company Accounts & Audition, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament)Page 1MTP_ Intermediate_Syllabus

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What is audit is a fact finding?

Audit is a fact finding process that involves examining and verifying financial records and other relevant information to ensure accuracy and compliance.

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Certain organizations and businesses are required by law to file audit reports as part of their regulatory obligations.

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To fill out an audit report, detailed financial information must be gathered, analyzed, and reported according to the specific guidelines and standards.

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The purpose of audit is a fact finding is to provide an independent assessment of an organization's financial status and operations.

What information must be reported on audit is a fact finding?

An audit report typically includes information on the organization's financial statements, internal controls, and compliance with relevant laws and regulations.

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