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If you were an auditor, how would you review a company’s accounting related records to identify...

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Accounting

If you were an auditor, how would you review a company’saccounting related records to identify potential liabilities whichwere not reported on the company’s balance sheet?

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Internal control is an auditing process in which the objectives of the organization are evaluated and their reliability and operational efficiency and effectiveness is determined The person performing the internal control is called internal auditor of the company This process determines whether the goals of the organisation are framed within the stipulated rules and regulations and are complied with    See Answer
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