DEFINITION OF AUDIT The Auditing Standard defined an audit as the independent examination of and an expression of opinion on the financial statement of an enterprise by an appointed auditor f in pursuance of that appointment and in compliance with any relevant statutory obligation
Audit firms have developed a technique known as ‘risk- based’ auditing which involves the auditor determining the nature, timing and extent of various audit procedures
This method of auditing is based on the auditor’s assessment of the risk that the financial statements of an entity contain a material misstatement
It is found that auditing has evolved through a number of stages
In the mid 1800s to early 1900s, the audit practice was considered as " traditional conformance role of auditing "
However, for the past 30 years, the auditor has been playing an " enhancing role "
Process of identification of a person, for security concerns
A background check is a process a person or company uses to verify that an individual is who they claim to be
And this provides an opportunity to check and confirm the validity of someone's criminal record
And other activities from their past.The frequency
PurposeAnd legitimacy of background checks vary among countries
IndustriesAnd individuals.An employment background check typically takes place when someone applies for a job
But it can also happen at any time the employer deems necessary.A variety of methods are used to complete these checks including :
Comprehensive database search and personal references.
