Auditing, a staple of the accounting practice, is the process of examining the accuracy of financial statements and a company's financial reporting. In many cases, the audit also involves an inspection of the company’s – or individual’s – physical assets, such as real estate and equipment, or inventorying products. Auditors review not only the financial statements and records, but the client’s policies and procedures and their adherence to regulatory compliance. Auditors may work with an independent accounting firm or as consultants. In addition to their accounting and investigating abilities, auditors require good communication skills, so they can clearly present their findings to management and explain the improvements or changes needed.Search Accounting Programs
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