Question

define auditing . explain the objectives and limitations of auditing

Answer 1

Accounting: Systematic examination and verification of a firm's books of account, transaction records, other relevantdocuments, and physical inspection of inventory by qualified accountants (called auditors). See also external auditand internal audit.

Quality control: Periodic (usually every six months) onsite-verification (by a certification authority) to ascertainwhether or not a documented quality system is being effectively implemented