Interested to Buy Any Domain ? << Click Here >> for more details...
what is audit
- 26 Answers
- 48157 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kavitha
Audit is an independent examination of financial statements of an entity, to express an opinion on whether the profits or losses expressed in the profit and loss account and the financial position of the company expressed in the balance sheet are true and fair. Only a chartered accountant qualified under ICAI is eligible to be appointed as an auditor of a company.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prateek jain
Audit is an evaluation of person, organisation, system, process, project or product.But the term 'audit' commonly referred to audit in accounting.
Audits are performed to ascertain the validity and relability of information and that it is free from material missatement.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / satya
the word audit is derived from the lation word auditer which
means to hear
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / lokesh chauhan
Audit is a case with the system is checked with their
standards.
Plz correct me if i m wrong...
Regards..
Lokesh Kumar Chauhan
lokesh_kumar_chauhan@yahoo.com
Mobile - 09350229669
Noida
| Is This Answer Correct ? | 21 Yes | 24 No |
Answer / nishank sharma
AUDIT IS AN IMPORTANT PROFESSIONAL TASK CARRYING HEAVY
LIABLITIES AND CALLING FOR THE COMMENSURATE SKILL AND
JADGMENT.
OR WE CAN SAY THAT AUDIT IS A PROCESS OF CHECKING WHOLE
FORM OF ACCOUNT THROUGH VOUCHERS AND BY DOCUMENTS.
IF ANY SUGG. THEN TELL ME ON 9756128974
STUDENT OF B.COM
| Is This Answer Correct ? | 6 Yes | 14 No |
Answer / riaz
An Auditing Is a type Standerdise method of calculating the
accounts and the basics an auditing helps us to find the
profit and loss in the repective accounts and it is process
were vouchers are filed and we can know the balances
| Is This Answer Correct ? | 12 Yes | 21 No |
Interstate purchase fixed assets against "c" form how can i enter this bill. Party value:- 2000000 Cst :- 40000 Machinery:- 2040000
Define decommission liability?
can we depreciate land &building and whats the rate of dereciation
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
Can Bonus of pre-operative period be part of pre-operative expenses ?
plz guide me about study?
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.
How to do audit?
Why do you want to join the Accounting profession ?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
what is meant by vouching?
difference b/w debit and credit
Audit 
