Which of the following parties, traditionally initiates an audit?
Which of the following parties, traditionally initiates an audit?
The client traditionally initiates an audit because they are the party interested in verifying the accuracy and integrity of the information being audited. The client hires external auditors to review financial statements, compliance processes, or performance metrics to ensure that they meet required standards and regulations.
Audit shall be conducted by third person like client , who buy the product and uses.