Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.[1]

Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.

Auditing is a Facet Of Building Trust

Auditing and Monitoring are closely related and may be the same within some contexts.

Auditing can be done for the purposes of:

  • Provenance - Not for any other reason, but to indicate that is happened. Often used in forensic and/or diagnostic purposes
  • Governance - Regulation or Some else one said you needed to.

More Information#

There might be more information for this subject on one of the following:
  • [#1] - Audit - based on data observed:2015-05-18