Tech Glossary
What is Auditing?
Auditing is a process where an independent auditor reviews and assesses the company or organization's financial transactions, processes and documentation. The purpose of an audit is to ensure that the company complies with laws and regulations, to conduct its business efficiently and to minimize the risk of fraud. There are different types of audits, including internal audits and external audits. Internal auditing is performed by employees within the company, while external auditing is performed by independent auditors from an external auditing firm. Regardless of the type of audit performed, it is important that it is objective and performed carefully. There are also various tools and software that can facilitate the audit process, including electronic auditing. Electronic auditing is a method where audit work is carried out using computer programs and IT tools to streamline the work and ensure the accuracy of the audit. Although there are many different auditing methods and software available, it is important to choose the one that best suits the company's needs and to ensure that the audit is carried out in a professional and efficient manner.