Auditing Principles and Techniques
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- Author
- Dr. Nuzhat Sadriwala
- Publisher
- Akhand Publishing House
- Categories
- Economics, Management, Nonfiction
- ISBN
- 9788194600633
- Edition
- 2020
- Format
- Hard Bound
- Size
- Royal
- Pages
- 328
Description
This book provides a comprehensive introduction to auditing, exploring its historical origins from ancient civilizations to the industrial revolution. It examines the evolution of the audit objective, shifting from the detection of errors and frauds to ascertaining whether financial statements present a true and fair view of an organization's state of affairs. The text covers various formal definitions of auditing provided by prominent accounting authorities and details the core nature of an audit as an independent, systematic examination of financial records. Additionally, the volume distinguishes auditing from book-keeping and accountancy, outlining the distinct scope, methods, and responsibilities associated with each practice. Finally, the book highlights the fundamental reasons why accounting and auditing are essential for modern business entities, stakeholders, and regulatory compliance.