AUDITING - OBJECTIVES

MBA FAFI(Sem 1)
2022-2024

Submitted By :
Submitted To :
Rohan
Dr. Himanshu Thakkar
(012200400001008)
 1 INTRODUCTION

2 OBJECTIVES

Content 3 PRIMARY OBJECTIVE

4 SECONDARY OBJECTIVE

5 CONCLUSION
 AUDITING

Auditing is the process of examining

an organization’s (or individual’s)
financial records to determine if they
are accurate and in accordance with
any applicable rules (including
accepted accounting standards),
regulations, and laws.
 PRIMARY OBJECTIVES

AUDITING OBJECTIVES OF AUDITING

SECONDARY OBJECTIVES
 PRIMARY OBJECTIVES

To Examine the Accuracy of the Books of Accounts

To Express Opinion on Financial Statements

 SECONDARY OBJECTIVES

Detection And Prevention of Errors Detection and Prevention of Frauds

 Detection And Prevention of Errors

ERROR OF ERROR OF
CLERICAL ERRORS ERROR OF PRINCIPLE
DUPLICATION COMPENSATION

1) Error of Omission
Repititive Entry
2) Error of Commission
Not following the
Off-Settings Errors
principles of accounting
Detection and Prevention of Frauds
 CONCLUSION

Audit and Auditors bring in to notice business areas

exposure to risks. Financial risks of business,
operational risks , how business and organization is
responding to market risks, competitions which
business decision maker need to know and decide
whether are they ready for such risk exposure.
 REFERENCES

https://www.iedunote.com/audit-objectives

https://www.brainkart.com/article/Objectives-of-Auditing_35394/

https://www.investopedia.com/terms/a/audit.asp