Finance

Significance of the Audit

Significance of the Audit

Audit is the term for a systematic examination of books, accounts, documents and vouchers of your organization to ascertain what steps the financial statements present an authentic and fair view in the concern. It also attempts to make sure that the books regarding accounts are properly maintained from the concern as required by law. Audit has become this ubiquitous phenomenon in the corporate and the general public sector that teachers started identifying a Audit Society.