This subject belogs to ADE, third course and its content is located in poliformaT. This blog is a dinamic tool that we are going to use to read press articles and news related to auditing.
Definition of Auditing
Auditing is a work that a professional called auditor develop in order to prove whether the accountancy of an enterprise reflects fairly its true economical situation.
The auditor uses the guidelines established by the International Standards of Auditing (ISAS) and also uses another tools to assess the accountancy of the firm.
In the accounting audit we can usually find two kinds of auditors: internal and external. The first belong to the company (could be for examle the Head of accountancy) and the second is an independent professional.
After his/her work the auditor issues a document called audit report where the opinion of the auditor about the relation between the Account records and the economical reality of the company will be expressed.