Principles of Auditing. Auditing, Internal control, Verification and Valuation of Assets and Liabilities

      Аннотация: The origin of audit may be traced to middle ages but the audit in the present sense can be traced after the introduction of large-scale production in consequence of Industrial Revolution during the 18th century. Before this era, goods were produced by individuals on small scale. There was not much capital. The individual who invested the capital, usually himself maintained the accounts and, therefore, there are no necessity of checking them.

Ключевые слова: Auditing, check list, Internal Control