Audit

Auditing-Limitations Though auditing could be a terribly helpful technique, its following limitations should be kept in mind: Not helpful for tiny Business: In the small business, the owner himself is the manager and controller. His business transactions area unit restricted and then he will write his own accounts. Hence, for him, auditing is of no … Read more

  Auditing delivers information for organizations to analyze and improve their business performance. Auditing is a work of credibility and responsibility. It requires a set of principles and regulatory measures to make an audit an operative and reliable tool. The following are some of the auditing principles:- 1. Integrity The audits should be performed with … Read more