Auditing Processes in an Organisation

The importance of understanding the accounting process in order to perform an effective audit INTRODUCTION 1 PROFESSIONAL SCEPTICISM1 REFERENCES 3 INTRODUCTION Accounting and auditing is very important for an organisation as it can help to evaluate performance and financial strength of the company (Quadackers, Groot and Wright, 2014). All the books, accounts and statements are checked in auditing and the report of auditor is presented in frontofthe stakeholders so that they can analyse actual position of the company. PROFESSIONAL SCEP