Overview#
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.
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.
There might be more information for this subject on one of the following:
- - Audit
- based on data observed:2015-05-18