Duty and Tariff are two different kinds of taxes. A duty is a kind of tax being levied on specific commodities, financial transactions, estates, etc. Tariff is such as tax that is levied on imports or exports.

Exemption refers to the ability of a person to not pay taxes on a certain amount incurred. When deductions occur, a portion of the taxable income reduces. The tax payer pays all the taxes and then files for...

Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. Inspection is the act of examining something, often closely.

Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. Investigation is an inquiry, or is the act of detail examination of activities...

An audit is bothered or concerned only with the financial statements of an organization or company. On the other hand, a review is bothered or concerned only with the growth and development of an organization...