¶ … candidate to enter the business world.
Auditing is one of the most essential functions in the entire accounting business function. I have learned that mistakes happen; we are all human and are prone to make mistakes. However, mistakes in accounting can be incredibly expensive to any organization. Therefore the auditing process serves as the last line of defense against costly mistakes and one most important part of the accounting processes. Since organizations are prone to making mistakes on a regular basis, there have to be effective controls used to ensure that the organization is protected from these errors. Thus an audit can be the defense that ensures that the records are accurate and that organizational processes...
Transparency and accurate record keeping is the cornerstone of good business practices. Through this class I have definitely learned how significant the auditing process can be in regards to risk management and compliance. Both of these factors demand that a set of controls that can offer peace of mind are in place. Investors will often shun putting their money into organizations that are ineffective in keeping accurate books.
2. Discuss how this course has affected your professional and personal development, as well as how it has encouraged you on your…
