International Journal of Research and Review

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Review Article

Year: 2017 | Month: May | Volume: 4 | Issue: 5 | Pages: 34-36

A Review Paper on Recent Trend of Auditing and Auditing Professional

Dr G.M. Purani

Associate Professor, Arts and Commerce College, Piparia, Vadodara, Gujarat.


Auditing is a process or activity of verification of records, it plays an important role for business being success. Without auditing procedure business may suffer from worst condition. Audited financial records portray actual fair view of financial position of a business. Now a day, organizational awareness increased pertains to auditing. Every organization interested to know their actual financial results, their profitability, whether books portrays true and fair view of financial transaction. Auditing profession is a noble profession, auditing professional need to verify records in all aspect as per the accepted audit principles and practices to minimize material financial errors and omissions. Audit professionals opinion is most valued for owner, investor, buyers, suppliers, management, society etc. to relying and taking decision pertains to supply of material, investing in organization etc. In future, career in audit profession is very bright due to change in government policies, due to broad and vide marketing growth etc.

Key words: Auditing, Audit Professional, Auditor, Audited financial records.

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