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You will find reports that are prepared for upper management are more comprehensive; whereas reports prepared for lower management are more detailed to allow better

You will find reports that are prepared for upper management are more comprehensive; whereas reports prepared for lower management are more detailed to allow better management of day-to-day activities. The budget may be audited at some point.

What is the purpose of a budget audit?

How does the information collected during the audit contribute to the budget report?

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