"Auditing" Example Sentences
1. The company is currently undergoing an auditing process to ensure compliance with regulations.
2. The auditing team found several discrepancies in the financial statements.
3. The auditor uncovered fraud during the auditing process.
4. Our company hires independent auditors to conduct annual audits.
5. The internal auditing department identified areas for improvement in the company's processes.
6. Auditing is a crucial aspect of financial management.
7. The auditing firm identified potential tax liabilities for the company.
8. The government agency initiated an auditing program to monitor compliance in the industry.
9. The auditors were unable to attest to the accuracy of the company's financial statements.
10. The audit report provided recommendations for enhancing the company's internal controls.
11. Auditing standards require independence and objectivity from auditors.
12. The external auditing firm was responsible for reviewing the company's financial statements.
13. The auditing process involves testing and verifying financial transactions.
14. The company faced penalties for failing to comply with the auditing requirements.
15. The auditors discovered a pattern of fraudulent activity during the audit.
16. Auditing helps to detect and prevent financial fraud.
17. The auditing department works closely with other departments to ensure accuracy and transparency.
18. The auditing procedures require careful documentation and record-keeping.
19. The auditor's role is to provide an independent opinion on the financial statements.
20. The auditing firm must adhere to professional standards and ethical principles.
21. The audit committee oversees the auditing process and reports to the board of directors.
22. The auditing team followed rigorous procedures to ensure accuracy and reliability.
23. The auditing standards provide guidance on the conduct of audits and the communication of findings.
24. The auditor provides assurance on the company's financial performance and position.
25. The internal auditing function serves as a key component of the company's governance framework.
26. The auditing report outlines the key findings and recommendations of the audit.
27. The company invested in auditing software to streamline its audit processes.
28. The auditing firm conducted a risk assessment to determine the scope and objectives of the audit.
29. The auditing function plays a vital role in maintaining public trust and confidence in financial reporting.
30. The auditing profession requires continuous learning and development to keep up with changing regulations and standards.
Common Phases
1. Conducting an audit;
2. Reviewing financial records;
3. Evaluating internal controls;
4. Testing compliance with laws and regulations;
5. Assessing risks and vulnerabilities;
6. Collecting and analyzing data;
7. Reporting findings and recommendations.