what do you mean by origin or growth of auditing
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Explanation:
Origin of Audit comes from the word “Audire” but the evolution of Auditing as a financial accountability field in the advent of the Industrial Revolution. ... During the time this word has known a lot of definitions and classifications. In general, it is a synonym to control, check, inspect, and revise.
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We are required to give information regarding the origin or growth of auditing. The information regarding the origin or growth of auditing s as under:
- ' Audire' is a Latin word from where the word audit comes from.
- The father of Modern Internal Auditing is Lawrence Sawyer.
- Lawrence Sawyer introduced the word to the concept of the theory of Internal Auditing
- Auditing originated during the pre-1800 century and has spread to almost all parts of the world.
- Sir Edward Drummond was the first Auditor General appointed in 1860.
- The growth of Auditing took place due to the following reasons:
- Dynamic changes in the business.
- Heavy competition in the market.
- Increase and development in technology.
- increase the size and volume of business.
- Requirements from the law of the country.
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For more information on auditing please check:
1. https://brainly.in/question/20584416
2. https://brainly.in/question/5163780
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