my Generation Digital Hub Interview Questions and Answers for Experienced

Auditing is a systematic and independent examination of records, statements, and operations to ensure compliance and accuracy.

• Auditing involves examining financial statements, records, and operations to identify errors, fraud, and inefficiencies.

• It is a systematic process that follows a set of procedures and standards to ensure accuracy and compliance.

• Auditors are independent and objective, and they provide an unbiased...read more

Auditing provides assurance on the effectiveness of controls and helps identify areas for improvement.

• Auditing helps ensure compliance with laws, regulations, and policies

• It helps identify and mitigate risks

• It provides assurance to stakeholders that the organization is operating effectively and efficiently

• Auditing can lead to cost savings by identifying areas for improvement

• It helps improve the overall quality of opera...read more