What is the role of auditors in a company?
Auditors are responsible for examining financial statements to ensure accuracy and compliance with regulations.
How do auditors help in preventing fraud?
They conduct thorough reviews and assessments, identifying discrepancies that may indicate fraudulent activities.
What qualifications do auditors need?
Auditors typically need a degree in accounting or finance and may require certifications like CPA or CA.
Can you explain the difference between internal and external auditors?
Internal auditors work within the organization to improve processes, while external auditors are independent and assess financial statements.
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