Audit

Audit

Systematic examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern

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Ruchika Chitravanshi & Sudipto Dey
May 9, 2020
@bsindia
While many companies are sharing documents digitally, some have also opened their servers to auditors to access the data they require
March 1, 2020
The Economic Times
There is a need to clearly define the responsibility and accountability for the auditors as well as the audit committees, the CEPR said in a report. "The management in all fairness does expect the auditors to catch loopholes. But it becomes almost impossible to detect many of them especially with limited scope and undefined area of work and powers," it added.
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