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what is audit
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Answer / kavitha
Audit is an independent examination of financial statements of an entity, to express an opinion on whether the profits or losses expressed in the profit and loss account and the financial position of the company expressed in the balance sheet are true and fair. Only a chartered accountant qualified under ICAI is eligible to be appointed as an auditor of a company.
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Answer / prateek jain
Audit is an evaluation of person, organisation, system, process, project or product.But the term 'audit' commonly referred to audit in accounting.
Audits are performed to ascertain the validity and relability of information and that it is free from material missatement.
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Answer / satya
the word audit is derived from the lation word auditer which
means to hear
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Answer / lokesh chauhan
Audit is a case with the system is checked with their
standards.
Plz correct me if i m wrong...
Regards..
Lokesh Kumar Chauhan
lokesh_kumar_chauhan@yahoo.com
Mobile - 09350229669
Noida
| Is This Answer Correct ? | 21 Yes | 24 No |
Answer / nishank sharma
AUDIT IS AN IMPORTANT PROFESSIONAL TASK CARRYING HEAVY
LIABLITIES AND CALLING FOR THE COMMENSURATE SKILL AND
JADGMENT.
OR WE CAN SAY THAT AUDIT IS A PROCESS OF CHECKING WHOLE
FORM OF ACCOUNT THROUGH VOUCHERS AND BY DOCUMENTS.
IF ANY SUGG. THEN TELL ME ON 9756128974
STUDENT OF B.COM
| Is This Answer Correct ? | 6 Yes | 14 No |
Answer / riaz
An Auditing Is a type Standerdise method of calculating the
accounts and the basics an auditing helps us to find the
profit and loss in the repective accounts and it is process
were vouchers are filed and we can know the balances
| Is This Answer Correct ? | 12 Yes | 21 No |
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Audit evidence obtained directly by the auditor will not be reliable if: A) the auditor lacks the qualifications to evaluate the evidence. B) it is provided by the client's attorney. C) the client denies its veracity. D) it is impossible for the auditor to obtain additional corroboratory evidence.
Audit 
