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Simply put, Public Accountants are generalists and Internal Auditors are specialists in their trade. Auditors can be internal, permanent employees of the firm or external, from outside the firm. Auditors review a company's books to determine whether its records and accounting practices meet generally accepted standards.
With control measures to contain the spread of Covid-19 in place, people have been forced to work from home or find similar alternatives. With businesses being temporarily shut down, the whole financial system of households to world nations are put in a vegetative state. Enter this, the troubles of auditors from the corporate world.
Information Technology has made our lives comfortable in many ways. The more inclusive and capable POS systems available in the market today helps not only the accounting professionals, but also business owners to well conduct their businesses. Instead of going through all the records of sales & purchases, accountants can just click a button and find the summary they are looking for.
