Auditing | Fastweb

Auditing

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society". The auditor perceives and recognises the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion on the basis of his judgement which is communicated through their audit report.

Any subject matter may be audited. Auditing is a safeguard measure since ancient times (Loeb & Shamoo,1989). Audits provide third party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other areas which are commonly audited include: secretarial & compliance audit, internal controls, quality management, project management, water management, and energy conservation.

As a result of an audit, stakeholders may effectively evaluate and improve the effectiveness of risk management, control, and the governance process over the subject matter.

The word audit is derived from a Latin word "audire" which means "to hear". During the medieval times when manual book-keeping was prevalent, auditors in Britain used to hear the accounts read out for them and checked that the organisation's personnel were not negligent or fraudulent. Moyer identified that the most important duty of the auditor was to detect fraud. Chatfield documented that early United States auditing was viewed mainly as verification of bookkeeping detail.

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Matching Auditing Colleges

University of Washington-Seattle Campus
Four or more years; Public; $34,473 average out-state tuition; $9,909 average in-state tuition
New England College of Business and Finance
Four or more years; Private for profit; $11,640 average out-state tuition; $11,640 average in-state tuition
Davenport University
Four or more years; Private not for profit; $16,728 average out-state tuition; $16,728 average in-state tuition
Pontifical Catholic University of Puerto Rico-Ponce
Four or more years; Private not for profit; $4,800 average out-state tuition; $4,800 average in-state tuition
Daemen College
Four or more years; Private not for profit; $27,450 average out-state tuition; $27,450 average in-state tuition
SUNY College of Technology at Delhi
Four or more years; Public; $10,840 average out-state tuition; $6,670 average in-state tuition
Carlow University
Four or more years; Private not for profit; $27,950 average out-state tuition; $27,950 average in-state tuition

Scholarships for Auditing Majors

name award deadline

Siebel Scholars Program

Siebel Scholars Foundation

$35,000 Varies See Details

Siebel Scholars Program

Siebel Scholars Foundation

award

$35,000

deadline

Varies
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Christine and Clarence Day Business Scholarship

University of Mississippi

$10,000 Varies See Details

Christine and Clarence Day Business Scholarship

University of Mississippi

award

$10,000

deadline

Varies
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3M Business Development Fellowship

University of Minnesota, Carlson School of Management

$10,000 Varies See Details

3M Business Development Fellowship

University of Minnesota, Carlson School of Management

award

$10,000

deadline

Varies
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Business Information Technology Advantage Scholarship - University of Montana, Montana Tech

University of Montana at Montana Tech

$6,700 Varies See Details

Business Information Technology Advantage Scholarship - University of Montana, Montana Tech

University of Montana at Montana Tech

award

$6,700

deadline

Varies
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School of Business Gold Scholarship - TSU

Texas Southern University

$6,000 Varies See Details

School of Business Gold Scholarship - TSU

Texas Southern University

award

$6,000

deadline

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Frances C. Amos School of Business Admin. Alumni Affiliate Scholarship

Oakland University

$5,000 Varies See Details

Frances C. Amos School of Business Admin. Alumni Affiliate Scholarship

Oakland University

award

$5,000

deadline

Varies
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Beverly McAllister Parker Scholarship

Southern Nazarene University, School of Business

$5,000 Varies See Details

Beverly McAllister Parker Scholarship

Southern Nazarene University, School of Business

award

$5,000

deadline

Varies
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John L. and Margaret S. Fraley Scholarship

University of North Carolina at Charlotte

$4,000 Varies See Details

John L. and Margaret S. Fraley Scholarship

University of North Carolina at Charlotte

award

$4,000

deadline

Varies
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Kell Container Faculty/Student Collaborative Research Scholarship

University of Wisconsin, Eau Claire - College of Business

$3,600 Varies See Details

Kell Container Faculty/Student Collaborative Research Scholarship

University of Wisconsin, Eau Claire - College of Business

award

$3,600

deadline

Varies
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COBA Transfer Student Scholarship

Missouri State University - College of Business

$3,600 March 01, 2020 See Details

COBA Transfer Student Scholarship

Missouri State University - College of Business

award

$3,600

deadline

March 01, 2020
See Details