Resources / Dragon1 Glossary of Terms

Auditing Definition

What does Auditing mean?

What is Auditing? A Dragon1 Term Definition.

Definition

On Dragon1 the definition of Auditing is: to conduct an official inspection of a company.

Auditing is the systematic examination and evaluation of a companies or organizations books, accounts, documents and vouchers in order to find out if statements or reports present a true and fair view of aspect of the organization or company. An audit also does a compliancy check on following law on bookkeeping.

Financial Audit

A financial audit is to conduct an official financial inspection of a company.

Internal Audit

An internal audit is an inspection of files and documents to report about and increase the quality of the organization's governance, risk management. An internal audit provides insight and recommendations based on analyses and assessments of data and business processes.

IT Audit / EDP Audit

An IT Audit is the examination and evaluation of an organization's information technology infrastructure, policies and operations.

Also Read

You might also want to read:

If you have comments or remarks about this term or definition, please mail to specs@dragon1.com.