Audit is the examination of the books and accounts of a company to examine the books and accounts of a company.
Audit is an examination of a company's accounting records and books conducted by an outside professional in order to determine whether the company is maintaining records according to generally accepted accounting principles.
Audit refers a CPA” S examination of a company’s financial statements in order to express an opinion about the fairness of the statements in order to express an opinion about the fairness of the statements in accordance with generally accepted accounting principles.
Webster Dictionary Meaning
- An examination in general; a judicial examination.
- The result of such an examination, or an account as adjusted by auditors; final account.
- A general receptacle or receiver.
More from this Section
- Money supply
Money supply is considered as one of the important variable that affects the over all ...
- Unit Banking Organization
In the unit banking system, the banking operations are carried through a single office ...
- Public Investment
Public Investment is real investment spending by government or public institutions on ...
- Flat-Rate Tax
Flat-Rate Tax is a form of income tax in which every taxpayer pays the same rate of tax ...