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Sagot :
The auditor considers the relevance of each financial statement assertion, one at a time, after the Significant Accounts and disclosures have been identified.
Who are Auditors?
An auditor examines the financial statements of a company. They make certain that the company follows Generally Accepted Accounting Principles (GAAP) and tax regulations. They create detailed audit reports that include conclusions and best practice recommendations.
Audits identify and correct accounting errors. Furthermore, thorough auditing discourages the occurrence of errors in the first place. Auditors collect evidence to support their conclusions. A bachelor's degree in business, finance, or accounting is available to qualified candidates. Auditing is a lucrative career option because demand is increasing.
Auditors are qualified professionals who examine a company's financial records for any misrepresentations or discrepancies. They ensure that businesses follow various tax laws and regulations.
Internal, external, governmental, forensic, or technological audits are all possibilities.
Thus, Auditor is an important person in the finance world.
For more information on Audits, refer to the given link:
https://brainly.com/question/14652228
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