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Funding a business
What Do You Understand By Financial Auditing Of A Company?
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[QUOTE="Good-Guy, post: 204893, member: 29109"] There are many major companies around the world. There are many businesses of various sizes and when it comes to finance, it is quite natural to think that managing and conducting auditing of a larger company might be really difficult. The easiest definition of auditing is that the term "Auditing" refers to financial analysis, recording, and accounting of a company. Auditing could be done every month or every year depending on the financial system of the company. Moreover, the huge business organizations consists of much bigger financial operations and this is the main reason why they might require a group of auditors to carry out the auditing process, as a single auditor might not be able to handle this process in a better way. A team of auditor consists of accountants who work for the company. The final auditing report might be reviewed by the directors of the company and a detailed financial analysis might be presented in the meeting of the directors in order to have a review of the performance of the company in the fiscal year. So this was my review of what auditing actually is. What are your thoughts about auditing? Please present your views. Thanks! [/QUOTE]
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