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Stages of the Auditing Process
The auditing process ensures the accuracy and compliance of a business in preparing its financial statements. Get to know the stages of the auditing process, which include planning, preliminary review, fieldwork, and audit report.
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Citizens highlighting these businesses is a good thing. It creates visibility and gives government officials clear targets to audit. Audits are how you actually determine whether fraud is happening or not. Ignoring it helps no one except bad actors. And basic on-the-ground questions like asking neighbors if kids are ever coming and going is a reasonable starting point. Transparency shouldn’t be controversial if everything is legitimate.
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