Auditing Basics

Auditing is defined as a systematic and independent examination of data, statements, records, operations, and performances of an enterprise for a stated purpose. In any auditing, the auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same, and on this basis formulates his judgment which is communicated through his audit report. Any subject matter may be audited. Audits provide third party assurance to various stakeholders that the subject matter is free from material misstatement

Audience Of this Book:

1 Corporate Governance Perspectives
2 The Audit Approach
3 Setting an Audit Strategy
4 Professionalism
5 Vouching
6 The Internal Audit Role