one of the following is not a function of accounting

Which One is Not a Function of Accounting?

Accounting is a system for providing quantitative information about economic entities that is intended to be useful in making economic decisions. It involves recording transactions, preparing financial statements and reporting them to outsiders. It also includes managerial accounting, cost accounting and tax accounting. This article will explore the functions of accounting and explain which one…

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objectives of auditing

You Have To Know About Objectives of Auditing

Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to determine the degree of correspondence between those assertions and established criteria. The auditing process is designed to give reasonable assurance that financial statements represent the true and fair view of an organization’s financial position or performance….

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objective of auditing

The Objective of Auditing

The objective of auditing is to examine a business organisation’s financial records and books of accounts for the purpose of finding whether they are accurate and in compliance with accounting standards. The auditing process helps identify errors and frauds, and the company is then trained to avoid them in the future. This helps in improving…

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