Author: CA Jiby Joseph

Auditing is simply the double-checking and verifying books of accounts and recorded financial data prepared by the accountant in an organization against the source documents from which they have been prepared. It also examines whether the organization works according to...

An audit is an independent and objective evaluation of a company’s financial statements, internal controls, and compliance with regulations and can be conducted by an internal or external auditor. A corporation must conduct audits to assess its financial health and...