Lec 40, Accounting & Auditing Past Papers Solved MCQs
Автор: Academy Point
Загружено: 2021-08-16
Просмотров: 787
Accounting and Auditing Past Papers Important solved Mcqs...
Government accountants maintain and examine the records of government agencies and audit private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by federal, state, and local governments ensure that revenues are received and spent in accordance with laws and regulations.
Internal auditors check for mismanagement of an organization’s funds. They identify ways to improve the processes for finding and eliminating waste and fraud. The practice of internal auditing is not regulated, but The Institute of Internal Auditors (IIA) provides generally accepted standards.
External auditors perform similar duties to internal auditors, but are employed by an outside organization, rather than the one they are auditing. They review clients’ financial statements and inform investors and authorities that the statements have been correctly prepared and reported.
Information technology auditors are internal auditors who review controls for their organization’s computer systems to ensure that the financial data comes from a reliable source.
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