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4. Auditing: The definition of Audit specified from the books is fairly technological for college kids. In layman terms, it could be outlined because the evaluation method, which aims to check the compliance of various units of a company Along with the predefined procedures. In terms of accounting, Auditing is defined as a scientific and impartial assessment of data, statements, records, operations and performances (economic or usually) of the company for a said objective.
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