CIMA P3 Syllabus C. Internal controls - External Audit - Notes 4 / 6
An external audit is:
A periodic examination of the books of account and records of an entity carried out by an independent third party (the auditor), to ensure that they have been properly maintained, are accurate and comply with established concepts, principles, accounting standards, legal requirements and give a true and fair view of the financial state of the entity.
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