An Audit is a Systematic and independent examination of books, accounts, statutory records, documents and vouchers of an
organization to ascertain how far the financial statement.
Any subject matter may be audited. Auditing is a safeguard measure since ancient time. Audits provide third party
assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently
applied to audits of the financial information relating to a legal person.