Auditing examples

Auditing is the process of examination of books of accounts to ensure that financial statements are true and fair. The objective of audit functions changes from the kind of audit that you want to examine the books of accounts. Financial management and reporting on the other hand deals with the function of reporting and managing the finance of the organisation.

There can be various audit analysis depending on the kind of audit that you are looking at. The data analysis of statutory audit can be different from internal audit, management audit or forensic or tax audit. Most likely the analysis includes reconciliation, confirmation, data authenticity etc.