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An intelligent and critical examination of the books of account by an independent qualified person is known as:
scrutiny
investigation
audit
inspection
- Scrutiny: Examining documents or accounts carefully to correct errors or discover information. Often done internally without formal qualification requirements.
- Investigation: A detailed probe aimed at uncovering facts, irregularities, or fraud. This may not adhere to the structured approach of an audit.
- Audit: A systematic examination of financial records by an independent and qualified individual. This process ensures accounts are accurate, compliant, and free from material misstatement.
- Inspection: A general review or assessment of certain records, assets, or processes, less comprehensive than an audit.
By: Rohit Middha ProfileResourcesReport error
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