Auditing

• Is an evaluation of a

  • person,

  • organisation,

  • system,

  • process,

  • enterprise,

  • project or

  • product.

• The term most commonly refers to audits in

  • accounting,

  • internal auditing,

  • government auditing, but similar concepts also exist in

  • project management,

  • quality management,

  • water auditing

  • energy conservation.

• Auditing is defined as a:

  • systematic and 

  • independent 

  examination of:

  • data, 

  • statements, 

  • records, 

  • operations and 

  • performances (financial or otherwise) 

  of an enterprise for a stated purpose.

• In any auditing the auditor:

  • perceives and recognises the propositions before him for examination, 

  • collects evidence, 

  • evaluates the same and 

  • on this basis formulates his judgment which is 

  • communicated through his audit report.

Contact Mearsecroft for more information