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What (who) is auditing - definition

SYSTEMATIC AND INDEPENDENT EXAMINATION OF BOOKS, ACCOUNTS, DOCUMENTS AND VOUCHERS OF AN ORGANIZATION

Auditors; Auditing; Paper trail; Audits; Government audits; Auditability; Audited; Public Auditing; Ministry of Audit; Public auditing; Statutory audit; Tick and tie; Audit policy

Audited

·Impf & ·p.p. of Audit.

Auditing

·p.pr. & ·vb.n. of Audit.

History of information technology auditing

ASPECT OF HISTORY

History ofinformation technology auditing

Information Technology Auditing (IT auditing) began as Electronic Data Process (EDP) Auditing and developed largely as a result of the rise in technology in accounting systems, the need for IT control, and the impact of computers on the ability to perform attestation services. The last few years have been an exciting time in the world of IT auditing as a result of the accounting scandals and increased regulation.

https://en.wikipedia.org/wiki/History_of_information_technology_auditing

Wikipedia

Audit

An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.

Audits provide third-party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other commonly audited areas include: secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit, stakeholders may evaluate and improve the effectiveness of risk management, control, and governance over the subject matter.

Auditing has been a safeguard measure since ancient times, and has since expanded to encompass so many areas in the public and corporate sectors that academics have started identifying an "Audit Society".

https://en.wikipedia.org/wiki/Audit

Examples of use of auditing

1. The role of auditing agencies, relations between auditing agencies and the parliament and government were also discussed.

2. "Auditing standards are mandated by European law.

3. These are medium and large companies capable of independently conducting proper internal auditing." The fact that companies reporting a small number of internal auditing hours also reported high satisfaction with this auditing is also scathingly criticized by the report.

4. A senior executive who expressed surprise that Harel‘s auditing systems had not detected the problem said: "Our auditing is activated daily.

5. The GAO is Congress‘ investigative and auditing arm.