Post by shakilall25 on May 18, 2024 9:44:33 GMT
From there, draw conclusions about the truthfulness and reasonableness of that financial information compared to established standards. Through the audit process, auditors can provide accurate and reliable information about the financial situation of businesses and organizations. Financial reporting is an important part of this process, including components such as the balance sheet, income statement, statement of changes in equity, statement of cash flows, along with other financial statements. Critical accounting policies and other additional information. Audit results also have a huge impact on investors interested in the financial situation of a business.
In addition, financial reports also play an important Ecuador Email List role in determining the organization's responsibilities and obligations to state agencies, while also meeting legal requirements. History of Auditing The history of auditing dates back to ancient times, when merchants needed to verify the accuracy of business transactions. In ancient Egypt, auditors called "numerologists" were responsible for examining the accounts of states and religious institutions. In ancient Rome, auditors called "auditores" were responsible for examining the accounts of governments and private businesses. In the 19th century, auditing began to develop into a professional field.
In Vietnam, auditing began to develop in the 1990s, after the country opened up and integrated into the international economy. In 1994, the Vietnamese Government issued Decree 70/CP establishing the State Audit, Vietnam's highest audit agency. That same year, the Ministry of Finance also issued Regulations on independent auditing in the national economy, creating a legal basis for independent auditing activities in Vietnam. Since then, the Vietnamese audit industry has made remarkable progress. The number of audit companies increased rapidly, the quality of audit services was improved, meeting the increasing needs of businesses and investors. The nature of auditing The nature of auditing is an independent process, performed by highly qualified auditors, to collect evidence about information related to economics, finance and Evaluate and give opinions on that evidence.
In addition, financial reports also play an important Ecuador Email List role in determining the organization's responsibilities and obligations to state agencies, while also meeting legal requirements. History of Auditing The history of auditing dates back to ancient times, when merchants needed to verify the accuracy of business transactions. In ancient Egypt, auditors called "numerologists" were responsible for examining the accounts of states and religious institutions. In ancient Rome, auditors called "auditores" were responsible for examining the accounts of governments and private businesses. In the 19th century, auditing began to develop into a professional field.
In Vietnam, auditing began to develop in the 1990s, after the country opened up and integrated into the international economy. In 1994, the Vietnamese Government issued Decree 70/CP establishing the State Audit, Vietnam's highest audit agency. That same year, the Ministry of Finance also issued Regulations on independent auditing in the national economy, creating a legal basis for independent auditing activities in Vietnam. Since then, the Vietnamese audit industry has made remarkable progress. The number of audit companies increased rapidly, the quality of audit services was improved, meeting the increasing needs of businesses and investors. The nature of auditing The nature of auditing is an independent process, performed by highly qualified auditors, to collect evidence about information related to economics, finance and Evaluate and give opinions on that evidence.