Duties of an auditor

Audit means check of the accounts at the end of the year after preparation of accountancy. An auditor must have knowledge of accounting. When any person goes in company for auditing then they must have a technical knowledge of audit. An audit is just like a watchdog of the company. As dog always think about the owner of the house as it the same way auditor always think about the owner of the company.

Auditor is Watchdog, not a Blood Hound

The word Audit is derived from the Latin word ‘Audire’ which means to hear. When any person starts the business then various transactions which are related to cash and bank arises in the business. At the time of making the accountancy then auditing is appointed to check the accounts. It is the responsibility to find true and fair value of the business.

Definition of Auditing

Audit means check of the accounts at the end of the year after preparation of accountancy. An auditor must have knowledge of accounting. When any person goes in company for auditing then they must have a technical knowledge of audit. An audit is just like a watchdog of the company. As dog always think about the owner of the house as it the same way auditor always think about the owner of the company.