BUACC3741 | Business Auditing Assignment Brief | Business

Regulatory Statutes and Accounting Standards

Accountancy can be defined as the process of recording business transactions in the books of accounts of the business enterprise. Accountancy includes process and procedures of recording and presenting financial transaction in financial statements. Accounting professions are those groups of people that are engaged in the accounting of the information or business transactions (Collings, 2012).

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