Auditing - Introduction
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According to Dickesse, auditing is an examination of accounting records undertaken with a view to establishing whether they correctly and completely reflect the transactions to which they purpose to relate. In addition the auditor expresses his opinion on the characther of the statements of accounting prepared from the accounting record so examined whether they portray a true and fair picture of the state of affairs of the organization to which they relate.
Spicier and Pegler have defined auditing as "examination of the books, accounts and vouchers of a business, as will enable the auditor to satisfy himself that the balance sheet is properly drawn up, so as to give a true and fair value of the state of affairs of the business, and whether the Profit and loss account gives a true and fair view of profit or loss for financial period, according to the best of his information and the explanations given to him and as shown by the books; and if not, in what respect he is not satisfied."
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