Auditing definition by authors

“Modern audit is the verification of financial statements, usually a Balance Sheet and Profit & Loss Account in the light of certain accounting principles to establish whether or not it is true statement and correctly drawn up

“Auditing is the systematic examination of financial statements, records and related operations to determine adherence to generally accepted accounting principles, management policies or stated requirement

“Auditing is the examinations of a Balance Sheet and Profit and Loss Account prepared by others