An external audit is an independent examination and analysis of the financial accounts of a company or organization by an independent external auditor. The external audit aims to ensure that the financial statements accurately reflect the financial position of the company and that they comply with accounting standards and applicable laws.
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Accounting is a science and art that deals with recording, analyzing and reporting the financial and economic activities of individuals, companies or institutions. The main goal of accounting is to provide accurate and reliable financial information that helps make correct economic decisions and manage the business effectively.
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Finalizing the trial balance refers to the final stage in the external audit process where the trial balance is prepared and revised after all the basic steps of the audit are completed. This procedure is crucial to ensure the accuracy and completeness of the final financial report that will be provided to clients or to third parties...
Corporate tax registration refers to the process of filing and registering the taxes that companies must pay under the applicable tax laws of the country in which the company operates. Corporate tax is an essential part of the costs that companies have to submit to the relevant tax authorities, and is subject to local and international tax...
Value Added Tax (VAT) registration is the process during which the value added tax imposed by governments on sales and services in many countries around the world is recorded and settled. VAT is a consumer tax system where the tax is collected at each stage of manufacturing, distribution or sale at a specific percentage of the value added ...
Financial counseling is a service provided by financial professionals to help individuals or businesses manage their finances more effectively and achieve their financial goals. This service includes providing advice and guidance on a variety of financial topics such as financial planning, investing, retirement, debt management, insurance ...
The liquidation report is an official document prepared when a company or institution is liquidated, and provides a final summary of the company's financial condition and the measures taken to liquidate its assets and pay its debts. The report aims to provide a clear and accurate picture of how the company’s assets will be distri...
Internal audit is a systematic and independent process that aims to evaluate the effectiveness of control, administrative, and accounting processes within the organization. Internal audit is a vital part of an organisation's governance system and aims to improve overall performance and ensure compliance with laws and regulations.
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The auditor's sales report in accounting is a document prepared by an internal or external auditor to review and evaluate the company's sales operations. The report aims to provide a comprehensive and accurate picture of sales performance, the efficiency of procedures followed, and compliance with applicable policies and laws. The ...
An audit extension letter in accounting is a formal letter addressed by the auditor to the client (company or organization) requesting an extension of the time period allotted to complete the audit process. This extension may be necessary for various reasons such as the need for more time to collect evidence, analyze data, or if problems o...
