The importance of the audit is that it will reveal any errors that have been committed in recording transactions. This will give the true financial state of a company.
auditing helps to detact error and fraud at an early stage It also helps management to improve or comeup with better strategies to quality management system .
the International Standards for the Professional Practice of Internal Auditing were approved. Awareness of the importance of university preparation for the profession motivated a pilot program in internal auditing
We can understand the importance of an internal auditor by understanding internal auditing. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing
Vivian R. V. Cooper has written: 'Manual of auditing' -- subject(s): Auditing 'Student's manual of auditing' -- subject(s): Auditing
What is Auditing practices and methodology of firms?"
auditing is a review process,usually of accounting procedures
Auditing begins where Accountancy ends.
enable login auditing
Central Auditing Organization was created in 1942.
The Auditing Standards Board (ASB) of the AICPA issued ten new auditing standards in 1988.
Auditing is the examination and evaluation of financial statements to check financial accuracy.