Accountancy, asked by kumarajit81391, 8 months ago

what do you mean by origin or growth of auditing​

Answers

Answered by ashasathish126
4

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.

Answered by Chaitanya1696
1

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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