Question:

Are all accounting audits the same?

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I know they all share similar principals but can we say compliance, tax, attest and internal audit are same...

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  1. Even though the basic principles are the same for each audit, each type of audit is different and each accounting firm can have different audit methods as well.  It all depends on who is leading the audit team (i.e. a seasoned auditor vs. a newbie lead) and what they are testing for.


  2. no because some test the process while others examine the numbers themself.

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