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what is audit
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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.
| Is This Answer Correct ? | 8 Yes | 7 No |
Answer / george
audit is the expression of an independent opinion after
accessing the infomaiton of an organization
| Is This Answer Correct ? | 4 Yes | 3 No |
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.
| Is This Answer Correct ? | 3 Yes | 2 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / fakrul islam
Simply,auditing means a consideration of financial
endorsement process.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mansoor.t.k
Auditing is nothing but varifying all the financial
statment of company to avoid mispell, misuse and error
| Is This Answer Correct ? | 4 Yes | 4 No |
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.
| Is This Answer Correct ? | 3 Yes | 3 No |
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.
| Is This Answer Correct ? | 2 Yes | 2 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
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