Commerce for IAS – Auditing Basics
1. What is the meaning of Auditing?
2. What are the principal aspects to be covered in auditing?
3. Why the need of auditing arises and what are benefits of auditing?
4. “The evidences obtained by the auditor are persuasive rather than conclusive”. Explain.
5. What do you mean by investigation and how it is different from auditing?
6. Auditor is a watchdog and not a bloodhound. Comment