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- B) “Financial audit and operational audit are not mutually exclusive and are interconnected. A) Management audit requires an inter-disciplinary approach since it involves a review of all aspects of the. Cannot be used, as it is not bug free. E) Review of the Internal Auditor's Working Papers and note books to see that.
Explain the fundamental concepts and principles of accounting and auditing. Documents & Books of Accounts: Invoice, Vouchers, Debit & Credit Notes, Day. Accounting information is neutral in the sense that it should be free from bias.
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