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An audit is the examination of the financial report of an organisation - as presented in the annual report - by someone independent of that organisation. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.
Read more >http://www.pwc.com.au/assurance/financial/statements/audit.htm
| 11 years ago. Rating: 3 | |
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