|WikiProject Business / Accounting||(Rated Start-class, High-importance)|
Ford, not to be confused with fjord
the purpose of auditing?
The purpose of auditing seems to be implicit in there, but it should be explicitly stated for those of us, who not even knowing what auditing is, come to this site to find out. Anyway, according to the definition used: what EXACTLY is auditing. If someone write up a quick one or two sentences as to its purpose (i.e. i dunno - e.g. to satisfy investors - or whatever, please do so). --ToyotaPanasonic 07:06, 31 March 2007 (UTC)
"The purpose of an audit is (a) to satisfy any legal requirement to conduct an audit, and/or (b) to give a measure of confidence, or otherwise, to any person(s) who may wish, or need, to rely on the information given in the original accounts/financial data being audited." --22.214.171.124 20:38, 8 May 2007 (UTC)
The purpose of auditing is to provide assurance that a company's financial records are prepared and presented correctly in a manner that follows internationally accepted standards. In other words, an audit allows a company to declare that what's being reported as their financial status is correct. Modelwatcher (talk) 19:14, 7 January 2008 (UTC)
The purpose of auditing is to clarify or assure the financial statements or information of an entity that are prepared in all material respect in accordance with financial reporting framework, to be able useful in decision making process. --Lvictorio —Preceding unsigned comment added by 126.96.36.199 (talk) 02:24, 24 November 2010 (UTC)
Value for Money
what is the correct word to use for describing an audit report, does an auditor formulates a judgment or an adit opinion? — Preceding unsigned comment added by 188.8.131.52 (talk) 10:31, 13 August 2014 (UTC)
In the last line of the intro, should "; over the subject manner." be "; over the subject matter." Fholson 11:27, 31 October 2014 (UTC)
Dr. Favero's comment on this article
Dr. Favero has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
This is a quite correct article, given the constraints of shortness and the need to cover different aspects of auditing.
As far as financial audit is concerned, the Sarbanes-Oxley Act may be cited where it concerns auditing. It may eventually also be of interest the concept of "creative auditing", which I proposed together with Marisa Agostini in a paper of us: ssrn.com/abstract=2149552
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
Dr. Favero has published scholarly research which seems to be relevant to this Wikipedia article:
- Reference : Marisa Agostini & Giovanni Favero, 2012. "Accounting fraud, business failure and creative auditing: A micro-analysis of the strange case of Sunbeam Corp," Working Papers 12, Department of Management, Universita Ca' Foscari Venezia, revised Mar 2013.
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