What are terms and conditions related to auditing?

[Good-Person]

Auditing is a process that helps many businesses to carry out accounting and financial activities in a great manner. However, when it comes to auditing, certain companies may hire many auditing companies. So, what are terms and conditions related to auditing?

 

[Nomad]

In our country, every business needs an accountant. The job of an accountant includes maintaining a record of income and expenses. The record maintained by an accountant will be checked by an auditor so that he can determine the actual revenue of the company and how much tax the business should be paying. The basis of auditing is determining the taxable amount for the client.