Internal Control Review
Internal control review acquires increasing importance in the light of present economic slowdown. Continuous assessments are used to monitor and review internal controls across a range of functions to determine whether the Board of Directors’ anticipated effectiveness for the internal control system is being achieved.
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A financial statement audit provides assurance to the stakeholders, such as investors, creditors, and regulators, regarding the reliability of the company’s financial reporting. It helps maintain transparency and trust in the financial markets.
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