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AUDITING Lecture 1

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					AUDITING
 By Atiq ur Rahman
      For MBA
    IM|Sciences
        Resources for Course
Course Book
Principles of Auditing (2010)
by Khwaja Amjad Saeed

Suggested Reading
Auditing by Millichamp, AH,

Others
International Standards of Auditing
Relevant websites on Internet
We Start Business With Good Faith
         and High Hopes
When Business Heads Towards Failure
 Even Some
Time Fighting
    Conflicts Arise




Can these two parties resolve?
What we need is
an independent
    opinion
Opinion given after hearing
   views of both parties
Opinion given after
     Auditing
The word Audit is derived from Audire
             DEFINITION
“An Audit is the independent examination of
 Financial Statements or related information
 of an entity, whether profit oriented or not,
 and irrespective of its size, or legal form,
 when such an examination is conducted
 with a view to expressing an opinion
 thereon”

				
DOCUMENT INFO
Description: Principles of Auditing.