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Auditors are finance professionals who perform audits they review financial statements, internal processes, and transaction records to assess accuracy and completeness. Internal auditors typically work for the company they audit and guide management on improving recording and reporting processes.
An income statement shows a companys revenues, expenses and profitability over a period of time. It is also sometimes called a profit-and-loss (PL) statement or an earnings statement.
An income statement is one of the three major financial statements, along with the balance sheet and the cash flow statement, that report a companys financial performance over a specific accounting period. The income statement focuses on the revenue, expenses, gains, and losses of a company during a particular period.
Most companies report such items as revenues, gains, expenses, and losses on their income statements.
An income statement reports revenue and expenses. What Theyre Used For: A balance sheet is most often used by a company to see if it has enough assets to satisfy its financial obligations. An income statement is used to evaluate the companys performance to see if its profitable.
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An income statement is a financial statement that shows you the companys income and expenditures. It also shows whether a company is making profit or loss for a given period.

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