What is Auditing? - QS Study
QS Study

Auditing such as examination of the books accounts and a bachelor of business as well enables the auditor to satisfy himself that the balance sheet is properly down up. It is the process of reviewing and investigating any aspect of a business, whether financial or nonfinancial. It is an official examination and verification of accounts and records, especially of financial accounts. Institute of Chartered Accountants, have defined audit as “The independent examination of financial information of any entity, whether profit oriented or not and irrespective of its size or legal form when such examination is conducted with a new to expressing an opinion thereon”. Financial auditing is the process of examining an organization or individual’s financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws. It can apply to an entire organization or might be specific to a function, process, or production step. The goal of auditing is to restore beingness and ability