Auditing is defined as a systematic and independent examination of data, statement, records, operation, and performance, (financial & or otherwise) or an enterprise for a stated purpose. In any auditing situation, the auditor perceives and recognizes the proposition before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment which is communicated through his audit report.

Types of Audit:

  • Internal Audit
  • Statutory Audit
  • Tax Audit : u/s. 44 AB – Audit of accounts :
  • EDP Audit
  • Operational Audit
  • Management Audit
  • Stock Audit
  • Bank Concurrent audit
  • Bank stock audit
  • Bank revenue audit
  • VAT audit etc.
  • Trust audit including PF audit
  • Mystery Audit
292153 Times Visited