Auditing is checking books of accounts and confirming that they show true and fair view. The books of accounts have to be checked to ensure that there are no mistakes misappropriations, fraudulent techniques used to show less profit and hence pay low
Sep 13, 2011 19:57:36
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Description: Frauds are detected at the early stage and thus saving the company from any huge loss. Audit software help the auditors the highlight the areas in accounting which are susceptible to higher risks. Low risk areas can be ignored and thus saving time. This software helps to get data from the books of accounts to prepare various reports which have to be submitted in the various departments.
In future where the computers are going to play important role in the financial sector auditing with the help of computers will be a great technique to yield essential results.