Auditing definition business

×Auditing is a systematic and scientific examination of the books of accounts and records of a business. The main goal of auditing is to verify and report upon the facts regarding a business's financial operations and the result thereof. Auditing is an official examination and verification of a business’s financial records. The auditor judges that the balance sheet and the profit and loss account are properly drawn up, so it exhibits a true and fair view of the financial state of affairs of the business and profit or loss for the financial period.