Auditing ki definition

An internal audit is an audit performed by a qualified auditor or accountant who is part of your company

This audit helps assure your business is in compliance with laws and regulations and is accurately recording financial information

Definition of Audit, Audit Meaning - The Economic Times Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions

Audit is performed to ascertain the validity and reliability of information

Examination of books and accounts with supporting vouchers and documents to detect and prevent error, fraud is the primary function of auditing

Auditor has to check the effectiveness of internal control systems for determining the extent of checking out the audit