Unit 10 Reading Activities Plus Questions

Read the following text and then complete the activities that follow.


There are few words for an accountant, which cause as much concern as the word ‘audit’. Audits, whether internal or external, carefully study the accountants work and identify any errors or abnormalities.

In large firms audits are often used as a control for the work of the accounting department, in these firms the accounts departments may deal with millions of dollars a month and without a control process in place there would be no way of verifying that the information produced was correct and that the company wasn’t being defrauded.


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Quiz: Reading Questions

1. An audit controls the work of the accounting department and looks for abnormalities.
2. By validating the records produced, the auditor can verify if the company was defrauded.
3. An accountant needs to adhere to set procedures to avoid a sloppy outcome.
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