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At the final stage of the inspection auditors write reports to the management.

Auditing is an official inspection of a company’s accounts by a qualified accountant.

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An internal audit is usually carried out by a company’s own accountants.

Not so many years ago the presence of an auditor suggested that a company was having financial difficulties.

There are two types of audit, an internal audit and an independent audit.

An in independent audit is a review of financial statements and records by an accountant not belonging to the company.