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Meaning or Definition of Audit

1

"An audit is independent examination of financial information of any entity,

2

It does not make any difference whether entityis profit oriented or not. Audit  isirrespective of size or legal form of entity

3

The objective of the audit is to express an opinion on the financial statements.

 

 

1

Audit is Independent examination of Financial information.

2.

It does not make any difference whether entityis profit oriented or not. Audit  is irrespective of size or legal form of entity.

3

The objective of the audit is to express an opinion on the financial statements.

 

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