Accounting Audit

Auditing is a part of the accounting world. It is an examination of accounting and financial records that is undertaken independently. This is done to determine if the company or the business undertaking has conformed its operations to the laws and the generally accepted accounting principles.

Most of the basic processes of accounting and auditing are similar. Accounting and auditing need a thorough knowledge of accounting principles and basics. They are generally done by persons with an accounting degree. They use essential techniques and procedures of computation, book-keeping and analysis to compile financial reports and statements.