The condition given above explains why an authorized transaction must always be approved by an auditor before being taken as an evidence or proof of such financial transaction.
An audited transaction can be referred to or considered as a financial transaction, which has been duly signed and approved by an auditor. An auditor approves a financial transaction only when he or she is completely satisfied with the verification of the transaction with respect to its nature and amount. An audited transaction can be accepted and presented as an evidence or a proof under the court of law.
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