Question: Do you agree with this post? Give feedback and ask a follow up question. An audit is a term used in accounting, that specifies the
Do you agree with this post? Give feedback and ask a follow up question.
An audit is a term used in accounting, that specifies the process in which the financial statements records are processed. The person that does this is the auditor. This person portrays the fairness of the presentation of the financial account and have it in detail for the financial account. The auditor complies with the GAAP also they ensure that everything complies and, in the regulation, required.
The way they are different is that a large portion of its profits is used to help poor people or people with low income and little resources. The NFP is the organizations that tends to be concern on building a reputation for people to trust them and have them in their minds. They also try to have lowcost services; this prove that they will always be help the poor and not generate profit.
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