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In one sentence, What is Auditing ?

Answers were Sorted based on User's Feedback



In one sentence, What is Auditing ?..

Answer / e.gayathri

it is examination of company's accounts whether is it
follow the principles or not.

Is This Answer Correct ?    12 Yes 2 No

In one sentence, What is Auditing ?..

Answer / girish

Audit is the review of financial statements of an
organisation, irrespective of whether profit oriented or
not, if such examination is conducted inorder to give an
opinion thereon.

Is This Answer Correct ?    11 Yes 1 No

In one sentence, What is Auditing ?..

Answer / ravindanath

independent examination of books of accounts of a company to express an opinion whether they are showing a true and fair view or not

Is This Answer Correct ?    9 Yes 0 No

In one sentence, What is Auditing ?..

Answer / jyoti chauhan

regular checking of all documents, activities, accounts,
records and reports of all activities of comapny

Is This Answer Correct ?    2 Yes 0 No

In one sentence, What is Auditing ?..

Answer / manoj kumar pramanik

Audit is the review of financial statements of an
organisation, irrespective of whether profit oriented or
not, if such examination is conducted inorder to give an
opinion thereon and to be rectification.

Is This Answer Correct ?    0 Yes 0 No

In one sentence, What is Auditing ?..

Answer / arjun chauhan

An audit an indipendent examination of finanacial information of any entity, Whether profit orianted or not,and and irrespective of its size or legal form,when such examination is conducted with a view to expressing opinion thereon.

Is This Answer Correct ?    0 Yes 0 No

In one sentence, What is Auditing ?..

Answer / vimal

Systematic, independent and documented process for obtaining
audit evidence and evaluating it objectively to determine
the extent to which audit criteria are fulfilled is auditing.

Is This Answer Correct ?    0 Yes 1 No

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More Audit Interview Questions

Why do you want to join audit?

0 Answers   Ernst Young,


i have completed my b.com gradution i want to expert in audit and taxation for this which course should i do

1 Answers  


what are the cost audit and management audit?

2 Answers  


What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after

2 Answers   Renault Nissan, TATA,


How to do ledger scrutiny of income items in a profit and loss account?

2 Answers   VWR International,


Explain how to do an internal audit effectively?

0 Answers  


What is the motivation to join as an auditor @ Ernst and Young ?

0 Answers   Ernst Young,


what are the types of audit programme?

2 Answers  


What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?

0 Answers  


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

0 Answers  


Explain the basic principles of an internal audit controlsystem?

0 Answers  


Whether the term loan which was long term as on Mar-11, but now it is short term due to its repayment within one year from the reporting period. Whether it should be classified as short term borrowings or other current liabilities as per Revised schedule VI.

2 Answers  


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