The profession of the auditor is known from an extreme antiquity. In 200 BC questors (they are also known as financial¬† actors of proceeding in Roman empire) performed the control of the state accountants on places. Questors’ reports went to Rome and were heard by examiners. Similar practice also became a basis of the term “auditor”.The legislative native land of audit Great Britain where the laws entering compulsion of audit inspection and establishing the quality requirements of its carrying out for the first time have been passed is considered.
Auditors in England named jury accountants. They combined separate obligations of the public prosecutor, the filing clerk and the secretary.

What is audit?

Thinking about auditIn modern foreign and domestic practice essense of audit is treated variously:

  • The American association under the business accounting determines the audit as system process of reception and an estimation of the objective data about economic actions and the events, establishing level of their conformity to certain criteria and representing results to interested users;
  • The European specialists treat the concept of audit as process of decrease to certain level of information risk, i.e. probability of that in company financial statements false or inexact data for users are contained by reports;
  • According to the Russian standards of auditor activity audit is an entrepreneurial activity of the auditor on realization of independent checks of accounting records, platezhno-settlement documents, tax declarations and other financial liabilities and requirements of economic actors.

What does the auditor do?

Directions of auditor activity:

  • Bank audit
  • Audit of the insurance organizations and mutual insurance societies
  • Audit of stock exchanges
  • Audit of off-budget funds
  • Audit of investment companies
  • General audit.

In each direction separate certification and licensing on the right of realization of audit is conducted.

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