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Financial accounting encompasses all account presented on the face of the financial statement, its presentation, recognition, measurement and disclosures. Where as cost accounting is only focused on the cost of inventory.

• What is an audit process?

• What is statutory audit?

• What do you mean by vouching?

• Explain the Before an audit processes?

• What techniques used during an audit?

• What to do after the audit?

• How to involve people in audit?

• Explain The Difference Between Internal Audit And External Audit?

• How Does An Internal Audit Differ From An External Audit?

• What are Objectives Of Internal Audit?