Answer / okechukwu emmanuela chika

An audit is the verification of account for a period of a
year. 2005-2006, or 2007. It is also a way of knowing
financial stand of a company.

Answer / george

audit is the expression of an independent opinion after
accessing the infomaiton of an organization

Answer / abdul haq

Audit is the independant examination of financial
statements of an organization for a particular accounting
period and express an appropriate opanion on those
financial statements.

Answer / zeeshan naeem

An audit is the procedure of detecting error and frauds in
the business for a financial year. it also means the
verification of accounts by way of vouching with cash book
and checked with the bank statements, receipts and payments
by making trial balance. After making balance sheet an
audit work is completed

Answer / fakrul islam

Simply,auditing means a consideration of financial
endorsement process.

Answer / mansoor.t.k

Auditing is nothing but varifying all the financial
statment of company to avoid mispell, misuse and error

Answer / nirbhik n. singh

Auditng is the process of verifying and validating all the
financial documents to know the financial status of
company.In the process determine the mishaps,and mistakes
occured in the current financial year.

Answer / kranthi

Audit is to check or to inspect. Checking or verifying if
some thing is been followed according to the defined terms/
standards.
This checking can be done many ways...
1) we can do it ourselves. This is called self audit
2) Some one from other departments of the same organization
can do this verification/ check. This is called Internal
audit or cross functional audit.
3) Persons from certifying bodies/ external agencies will
do this verification. This is called External Audit.

Also this audit can be for performance and comliance. If
the verfication is against performance levels of the
person/ department it is called performance audit and if
the verification is done for the compliance against defined
terms/ standards, it is called compliance audit.

Answer / sunil dutt

verification of the correctness and accuracy of the books of accounts by a independent person who qualified for job and not in any connect with preparation of such account

Answer / girish prajapati

Audit is done in two part in company one is commercial part
in this part we are find out all accounts related query and
other part is operation in this we are find out production
and stock related query.

Why do you want to work in audit?

0 Answers   Ernst Young, Thomson Reuters,

Who can carry out a charity audit?

2 Answers  

What is procedure to calculate Fixed Deposit In Banks

2 Answers   ITC Infotech,

what is the accounting

7 Answers  

difference b/w debit and credit

10 Answers  

First things unit price is Rs 1, second things unit price Rs 0.75 and third things unit price is Rs 0.25 condition 100 things (include 3 things unit price) is purchase in Rs 100 how you will get?

1 Answers  

I have received a sum of Rs.500 worth Bill from Vendor, which is relevent to 2004-05. But Outstanding Expenses not book during that Year? What is the Accounting Policies to book this expenses?

1 Answers  

What is fictitious assets?

1 Answers   Axcend, Prime CA,

HOUW MANYTYPES OF STOCK MAINTEIN BY STORE KEEPER WE ARE A MANUFACTURING CO WE SEND SOME PARTS TO PARTY FOR JOB WORKS ( EXP ) TILL 31ST MARCH STOCK ARE NOT RETURN TO US. CAN I CALCULATE THIS PARTS FOR STOCK CALCULATION FOR STOCK CERTIFICATE FOR THE PURPOSE OF ANUAL VAT RETUEN FILE IN SALES TAX DEPARTMENT

2 Answers   Real Estate,

Explain how to do an internal audit effectively?

0 Answers  

what is the differences between document date and posting date and entry date

1 Answers  

please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

0 Answers