International Journal of Scientific and Research Publications

IJSRP, Volume 6, Issue 10, October 2016 Edition [ISSN 2250-3153]


Key Trends in Auditing Today
      Ismaeil Hammuda, NAWAL ELGADIRY
Abstract: Traditionally, audits were mainly associated with gaining information about financial systems and the financial records of a company or a business. However, recent auditing has begun to include non-financial subject areas, such as safety, security, information systems performance, and environmental concerns. With nonprofit organizations and government agencies, there has been an increasing need for performance audits, examining their success in satisfying mission objectives. As a result, there are now audit professionals who specialize in security audits, information systems audits, and environmental audits.In cost accounting, it is a process for verifying the cost of manufacturing or producing of any article, on the basis of accounts measuring the use of material, labor or other items of cost. In simple words the term, cost audit, means a systematic and accurate verification of the cost accounts and records, and checking for adherence to the cost accounting objectives. An audit must adhere to generally accepted standards established by governing bodies. These standards assure third parties or external users that they can rely upon the auditor's opinion on the fairness of financial statements, or other subjects on which the auditor expresses an opinion.

Reference this Research Paper (copy & paste below code):

Ismaeil Hammuda, NAWAL ELGADIRY (2018); Key Trends in Auditing Today; Int J Sci Res Publ 6(10) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-1016.php?rp=P585895
©️ Copyright 2011-2022 IJSRP - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.