Auditing is the systematic process of reviewing and evaluating the financial records, statements, and operations of an organization to ensure accuracy, compliance with accounting standards, and adherence to legal and regulatory requirements. Auditing involves examining financial transactions, internal controls, and business processes to identify discrepancies, inefficiencies, fraud, or potential risks.
An auditor is a professional who examines and verifies the financial records of an organization to ensure accuracy, compliance with accounting standards, and adherence to legal requirements. Auditors assess financial statements, internal controls, and business processes to identify discrepancies, inefficiencies, or fraud. They provide an independent evaluation, offering recommendations for improvement. Auditors can be internal (employed within the organization) or external (independent third parties), and their work ensures financial transparency, builds stakeholder trust, and helps organizations maintain regulatory compliance.
