Auditing is to provide a report by checking the books of account and concerned financial statements for the purpose of proving truth and fairness and whether they have shown the real situation of the business or not. In general auditing is defined as official examination of the books of the accounts.
The word Audit is derived from latin word Audire which means to hear. At the end of the fourth century, the judges who used to hear accounts were known as auditors. The duties of the auditor was first described after the development of double entry book keeping system by luca pacialo.
The word Audit is derived from latin word Audire which means to hear. At the end of the fourth century, the judges who used to hear accounts were known as auditors. The duties of the auditor was first described after the development of double entry book keeping system by luca pacialo.
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