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What is the importance of auditing to an entity?

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 .


Who is the father of auditing?

The title "father of auditing" is often attributed to Lorenzo P. Turner, a prominent figure in the development of modern auditing practices during the early 20th century. His contributions to the field, particularly in establishing standards and methodologies, laid the groundwork for contemporary auditing. However, some also recognize other influential figures, such as Sir Arthur Conant, for their roles in shaping auditing as a profession. Ultimately, the title can vary based on different perspectives within the field.


Briefly discuss about histoty of auditing?

The history of auditing can be traced back to ancient civilizations, where early forms of financial oversight emerged to ensure accuracy and integrity in trade and taxation. In ancient Egypt and Mesopotamia, officials were appointed to review financial records and transactions. The modern concept of auditing began to take shape during the Renaissance, particularly in Europe, as commerce expanded and the need for accountability grew. By the 19th century, formalized auditing practices developed alongside the rise of corporations, leading to the establishment of professional accounting bodies and standardized auditing procedures.


What is meant by auditing?

auditing is a review process,usually of accounting procedures


How auditing begins where accounting ends?

Auditing begins where Accountancy ends.

Related Questions

What is the importance of auditing to an entity?

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 .


Who is the father of auditing?

The title "father of auditing" is often attributed to Lorenzo P. Turner, a prominent figure in the development of modern auditing practices during the early 20th century. His contributions to the field, particularly in establishing standards and methodologies, laid the groundwork for contemporary auditing. However, some also recognize other influential figures, such as Sir Arthur Conant, for their roles in shaping auditing as a profession. Ultimately, the title can vary based on different perspectives within the field.


When did CPAs begin auditing financial statements?

Since the early part of the twentieth century, CPAs have audited financial statements.


What has the author J Donald Warren written?

J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing


What college can you get for your cutoff?

what college will get for cutoff 170


Briefly discuss about histoty of auditing?

The history of auditing can be traced back to ancient civilizations, where early forms of financial oversight emerged to ensure accuracy and integrity in trade and taxation. In ancient Egypt and Mesopotamia, officials were appointed to review financial records and transactions. The modern concept of auditing began to take shape during the Renaissance, particularly in Europe, as commerce expanded and the need for accountability grew. By the 19th century, formalized auditing practices developed alongside the rise of corporations, leading to the establishment of professional accounting bodies and standardized auditing procedures.


What has the author Vivian R V Cooper written?

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?

What is Auditing practices and methodology of firms?"


What is meant by auditing?

auditing is a review process,usually of accounting procedures


How auditing begins where accounting ends?

Auditing begins where Accountancy ends.


What cutoff did the donner party take?

They used the Hastings' Cutoff


When was Lucin Cutoff created?

Lucin Cutoff was created in 1904.