What is audit

Question

What is audit

Accepted Answer

Audit is a systematic and independent examination of books, accounts, documents, and vouchers of an organization.

Audit is a process of evaluating the financial statements of an organization to ensure accuracy and compliance with accounting standards.
It involves examining the books, accounts, documents, and vouchers of an organization to verify the authenticity of financial transactions.
Audits can be conducted internally by the organization's own employees or externally by independent auditors.
The purpose of an audit is to provide assurance to stakeholders that the financial statements are reliable and accurate.
Examples of audits include financial statement audits, internal audits, and compliance audits.

Top Wistron Asst Store interview questions & answers