(i) Verifying financial statements: Auditors verify that the financial statements accurately represent the company’s financial status and transactions.

(ii) Detect and prevent fraud risk: Audits help to reduce the risk of fraud.

(iii) Improving transparency: Audits contribute to an organization’s overall transparency and governance.

(iv) Supporting stakeholders: Audits help stakeholders, such as investors, creditors, and regulators, make informed decisions

Sir Mokshgundam Visvesvaraya was an engineer and served as the Diwan of Mysore; he is recognized for creating methods to safeguard areas from floods and played a role, in building the Krishna Raja Sagara dam while transforming water management practices, in India.

Homi Jehangir Bhabha is often referred to as the pioneer of Indias program. Was instrumental, in establishing the Tata Institute while laying the groundwork, for atomic energy research.

Satyen Bose found the Bose Einstein statistics that’re crucial, in quantum mechanics and led to particles named bosons in his honor.

Meghnand Saha is a known to be astrophysicist who developed the Saha ionization equation that greatly contributed towards our understanding of spectra.

Har Gobind Khorana was awarded a Nobel Prize, for his ground-breaking work in decoding and making contributions, to the fields of biotechnology and genetic research.