Auditing meaning in gujarati

  • What do you mean by audit?

    An audit is the examination of the financial report of an organisation - as presented in the annual report - by someone independent of that organisation..

  • What does full audit mean?

    In a full audit engagement, the auditor conducts a complete and thorough investigation of the financial statements, including verifications of income sources and operating expenses.
    For example, the auditor may compare reported account receivables with receipts from actual customer orders..

  • Why audit is important?

    Importance of Auditing
    It is to ensure that financial information is represented fairly and accurately.
    Also, audits are performed to ensure that financial statements are prepared in accordance with the relevant accounting standards..

  • What is the procedure of an audit?

    1Issue of Notification.
    Audits begin with issuing a notification to the Company or organization being audited.
    2) Auditing Planning Process.
    3) Initial meeting.
    4) Fieldwork.
    5) Draft Audit Report.
    6) Management response for Draft Audit Report.
    7) Exit Meeting after Auditing.
    8) Distribution of audit report.
  • The auditing origin can be traced back to the 18th century, when the practice of large scale production developed as a result of the Industrial Revolution.
    Systems of checks and counter checks were implemented to maintain public accounts as early as the days of ancient Egyptians, Greeks and Romans.
  • The length of an audit can vary depending on the size of the company and whether there are necessary preparations made, but on average, an audit takes about 1-3 months to complete.
  • શું અથવા જે વ્યક્તિ કે લોકો
The word or phrase audit refers to a methodical examination or review of a condition or situation, or an inspection of the accounting procedures and records by 

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