Audit in Accounting

Learn the purpose and different stages involved in the process of Audit in Accounting

Audit in Accounting

Audit is an independent assessment of financial statements of a company by either an audit firm or auditor with the primary objective of determining whether the statements are accurate, prepared according to accounting principles, and free of any misstatements. Other steps involved in auditing include evaluation of books of accounts, physical inspection of inventory, and verification of records of financial transactions.

Audit-Procedures

Learn All About Audit in Accounting

Here we provide you with free and complete resources and guides on audit. Going through these will help you take the role of an auditor and evaluate various departments within a business. Topics that might be of great help to you in this section include different types of audits, such as financial audit, inventory audit, social audit, and compliance audit, along with risks of the procedure.

Audit Guides & Articles

Make the most of these free articles and step by step guides on Audit -