In fact, auditing them is a fair examination, they will always evaluate an organization's financial statements. It can be done internally, such as an organization's employees or an external company. Thus,
auditing refers to an organization's systematic examination of books,
accounts, documents and vouchers to determine the financial statements
on the concerns of the real and fair views.
The meaning of auditing, is an accountant who conduct an audit they must verify the accuracy of the financial report and accounting practices of the business and government. They are officer duty and examine the accounts, received the money from public. For example, shareholders and check the all records transactions of the management.
Furthermore, the purpose of audits is to specialize the types of audits based on the audit purpose. For example, to verify the compliance, conformance or performance. By the way, some audit they also have special administrative purpose. Such as, auditing documents, risk or performance or following up the completed corrective actions.
In others situation, in internal audit they also have included some regular role that internal audit responsible. For example, evaluating the relevant risk factors associated with the key activities, analyzing operations and confirming information, working closely with line managers to review operations and report findings or reviewing the compliance and due with the diligence procedures, evaluating the report and effectiveness the efficiency of the implementation of management policies, evaluating the internal controls and advising the managers at all levels.These all will be responsible by internal audit.
Besides that, the internal audit will ensures that the organization is adhering to the rules, regulations, laws, standards, codes of ethics, guidelines and principles apply, individually and collectively, to all parts of the organization.
In addition, they are also include financial audits objectives such as:
The meaning of auditing, is an accountant who conduct an audit they must verify the accuracy of the financial report and accounting practices of the business and government. They are officer duty and examine the accounts, received the money from public. For example, shareholders and check the all records transactions of the management.
Furthermore, the purpose of audits is to specialize the types of audits based on the audit purpose. For example, to verify the compliance, conformance or performance. By the way, some audit they also have special administrative purpose. Such as, auditing documents, risk or performance or following up the completed corrective actions.
Besides that, the internal audit will ensures that the organization is adhering to the rules, regulations, laws, standards, codes of ethics, guidelines and principles apply, individually and collectively, to all parts of the organization.
In addition, they are also include financial audits objectives such as:
- Ascertain the validity and reliability of information
- Provide an assessment of a system's of internal control
- Express an opinion about a person, organization or system under evaluation
References:
https://www.skillsportal.co.za/content/introduction-auditing
https://www.slideshare.net/shub-singhania/gaurav-mida-3238
http://www.a-countingbiz.com/auditing-explained/
https://www.skillsportal.co.za/content/introduction-auditing
https://www.slideshare.net/shub-singhania/gaurav-mida-3238
http://www.a-countingbiz.com/auditing-explained/
http://asq.org/learn-about-quality/auditing/
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