What is auditing in accounting?
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Answer
In Accounting , An audit is the examination of an entity's accounting records, as well as the physical inspection of its assets. If performed by a certified public accountant (CPA), the CPA can express an opinion on the fairness of the entity's financial statements. This opinion is then issued along with the financial statements to the investment community.
definition of auditing:-
auditing refers to a systematic and independent examination of books accounts, documents and vouchers of an organisation to ascertain how far the financial statements present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.