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Meaning of auditing

 

 

 

Auditing

 

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Business glossary

 

Meaning of term auditing :

 

Auditing is the process of checking the financial statements of a firm to see that they give a 'true and fair' view of the state of the company's finances. All limited companies that produce their own accounts must have them checked by a firm of auditors and this is the one of the functions carried out by firms of accountants.

 

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Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

 

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Auditing

 

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