answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why independent audits are necessary?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is independent social audits?

Independent social audits


An independent accountant who performs financial audits is a?

An Independent accountant who performs financial audits are called "External Auditors".


Who audits Home Depot?

KPMG, one of the Big Four accounting firms, is their independent auditor.


Why is independent judiciary not necessary?

In the US, the independent judiciary is necessary.


Why does an auditor have to be independent when they audit a company's records?

While conducting audits whether they are taxation audits or quality check, the independence of the elected agency ensures tranparency and more freedon from internal pressures , politics and corruption.


What is Internal audit an external audit?

Internal audit is conducted by people from within the company. This is also known as first party audit. External audit is conducted by an independent party. Second or third party audits are external audits.


What are audits and are they useful?

audits are....................


What are the three main types of audits?

The three main types of audits are financial audits, operational audits, and compliance audits. Financial audits focus on financial statements and records to ensure accuracy and compliance with regulations. Operational audits assess efficiency and effectiveness of processes and procedures. Compliance audits verify adherence to laws and regulations.


What is the purpose of records management?

To help an organization keep the necessary documentation accessible for both business operations and compliance audits.


The purpose of an audit is to?

An audit is used to determine the fairness of a financial statement. Audits should be performed by an independent organization that is separate from the owner of the corporation.


Who audits Amazon.com?

Ernst & Young audits Amazon.


What types of audits do governmental agencies undergo?

Audits of governmental agencies are typically both financial and compliance audits.