Auditing is a vital part of accounting. Traditionally, audits were mainly associated with gaining information about financial systems and the financial records of a company or a business.
However, recent auditing has begun to include non-financial subject areas, such as safety, security, information systems performance, and environmental concerns.
With non-profit organizations and government agencies, there has been an increasing need for performance audits, examining their success in satisfying mission objectives.
What Is Auditing Accounts?
Auditing is the independent examination of financial information of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examinati