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Auditing refers to a systematic and independent
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. It also attempts to ensure
that the books of accounts are properly
maintained by the concern as required by law.
Audit Updates
Charity Commission financial probe of Swimming
Teachers’Association
10-year audit tender rules for public
interest entities
Audit win: PwC keeps flying with easy Jet
"The accounting department dean had worked for the
prestigious firm of Arthur Anderson for a number of years.
He had been one of their rising stars until he had a tiff with
upper management concerning how to report certain
transactions for a client. Arthur Anderson management
wanted the transactions recorded in a manner which would
make the client look good. The Dean however insisted on full
disclosure with the transactions being reported clearly and
informatively. That wouldn't have been favorable for the
client. So rather than compromise his integrity, he resigned
from Arthur Anderson and found the job of dean of the
accounting department at St. Martins College."
Read More At
audit-is-cool.blogspot.co.uk

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Audit

  • 1. Auditing refers to a systematic and independent 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. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.
  • 2. Audit Updates Charity Commission financial probe of Swimming Teachers’Association 10-year audit tender rules for public interest entities Audit win: PwC keeps flying with easy Jet
  • 3. "The accounting department dean had worked for the prestigious firm of Arthur Anderson for a number of years. He had been one of their rising stars until he had a tiff with upper management concerning how to report certain transactions for a client. Arthur Anderson management wanted the transactions recorded in a manner which would make the client look good. The Dean however insisted on full disclosure with the transactions being reported clearly and informatively. That wouldn't have been favorable for the client. So rather than compromise his integrity, he resigned from Arthur Anderson and found the job of dean of the accounting department at St. Martins College."