What is auditing in accounting? Auditing in accounting refers back to the procedure of inspecting and comparing economic statements, records, and other files of an organization to determine whether they are correct and comply with relevant accounting principles, laws, and guidelines. Auditing plays ...

What does the term "auditing" mean in accounting? The term "auditing" in accounting refers to the process of examining financial records, transactions, and other financial information to ensure that they are accurate, reliable, and comply with the applicable laws and regulations. Auditing is an esse...