auditing is a review process,usually of accounting procedures
Auditing begins where Accountancy ends.
Auditing is the examination and evaluation of financial statements to check financial accuracy.
Standards are principle-focused and provide a framework for performing and promoting internal auditing.
The current issues in auditing that need to be addressed is matters that are unethical and fraud.
handling of invoices,files and errors in invoices
files area collections of data onto a permanent storage structure
Master files:Master files are files of a fairly permanent nature, e.g.,customer ledger, purchase ledger, inventory, payroll, etc. They include some information which is of a permanent nature and also data which is continuously updated by recent transactions. These files are maintained throughout the file of the organization. Some of the futures of master files are:These files hold data of a fairly permanent nature so these files should be properly designed and well maintained.Because to their regular updating, these files show the current status of the organization.
Permenent files do not get deleted and are kept for an indefinte period of time whilst temporary files do get deleted, and may or are only expected to have a specific time period of use before deletion.
read only memory
They are stored on a hard drive or some other permanent storage device. The database application stores a table that identifies related files.
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
read only memory
What is Auditing practices and methodology of firms?"
auditing is a review process,usually of accounting procedures
Auditing begins where Accountancy ends.