Business Accounting and Auditing
Business accounting and auditing involves the systematic recording, analyzing, and reporting of financial transactions for organizations. It encompasses the processes of tracking income and expenses, preparing financial statements, managing payroll, and ensuring compliance with tax laws and regulations. Auditing, on the other hand, refers to the examination and verification of an organization's financial records to ensure accuracy and integrity. This includes conducting internal audits to assess internal controls and detect any potential fraud or errors, as well as external audits carried out by independent third-party firms to provide an objective assessment of a company's financial health.
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