Parul works for a state agency that conducts random checks of financial records and transactions after expenditures and reviews accounts of disbursing officers of all state funds to assure legal compliance. What function does Parul perform for the state

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05-07-2022
Business

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Parul works for a state agency that conducts random checks of financial records and transactions after expenditures and reviews accounts of disbursing officers of all state funds to assure legal compliance. What function does Parul perform for the state

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monikachinwaal55 monikachinwaal55 · Answer 1 · 2022-07-07T05:41:18-04:00

Parul is performing auditing function.

What is auditing?

Auditing is a process of examination of various books of accounts by an auditor to make sure that all departments are following documented system of recording transactions.

It s a proper inspection of financial records and transactions which is done to ascertain the accuracy of financial statements.

The three types of auditing are external audits, internal audits, and Internal Revenue Service (IRS) audits.

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What is auditing?

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