meaning of auditing
Some typical stages in the audit process. An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an
Definition of auditor. 1 : a person authorized to examine and verify accounts. 2 : one who hears or listens; especially : one who is a member of an audience. 3 : a person who audits a course of study.