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; $38,757 average out-state tuition; $10,927 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

Pontifical Catholic University of Puerto Rico-Ponce

Four or more years; Private not for profit; $4,920 average out-state tuition; $4,920 average in-state tuition

Cambridge College

Four or more years; Private not for profit; $16,442 average out-state tuition; $16,442 average in-state tuition

SUNY College of Technology at Delhi

Four or more years; Public; $10,840 average out-state tuition; $7,070 average in-state tuition

Davenport University

Four or more years; Private not for profit; $20,064 average out-state tuition; $20,064 average in-state tuition

Daemen University

Four or more years; Private not for profit; $30,590 average out-state tuition; $30,590 average in-state tuition

Scholarships for Auditing Majors

Bullet name award deadline Link
 

Goldman Sachs MBA Fellowship

Goldman Sachs and Co.

Up to $75,000 Varies See Details
 

Goldman Sachs MBA Fellowship

Goldman Sachs and Co.

award

Up to $75,000

deadline

Varies
See Details
 

Siebel Scholars Program

Siebel Scholars Foundation

$35,000 Varies See Details
 

Siebel Scholars Program

Siebel Scholars Foundation

award

$35,000

deadline

Varies
See Details
 

Jesse Jackson Fellows - Toyota Scholarship

PUSH Excel

Up to $25,000 May 31, 2024 See Details
 

Jesse Jackson Fellows - Toyota Scholarship

PUSH Excel

award

Up to $25,000

deadline

May 31, 2024
See Details
 

Besio Family Scholarship

University of Notre Dame

$25,000 January 01, 2025 See Details
 

Besio Family Scholarship

University of Notre Dame

award

$25,000

deadline

January 01, 2025
See Details
 

Huizenga Business Innovation Academy Scholarship

Nova Southeastern University

$20,000 Varies See Details
 

Huizenga Business Innovation Academy Scholarship

Nova Southeastern University

award

$20,000

deadline

Varies
See Details
 

Women in Finance Scholarship

Numerix

$20,000 June 14, 2024 See Details
 

Women in Finance Scholarship

Numerix

award

$20,000

deadline

June 14, 2024
See Details
 

KMF Professional Excellence Scholarship Program

Kohlberg-Manacher Foundation

$15,000 June 01, 2024 See Details
 

KMF Professional Excellence Scholarship Program

Kohlberg-Manacher Foundation

award

$15,000

deadline

June 01, 2024
See Details
 

Women in Business - Miss America Pageant

Miss America Pageant

Up to $10,000 Varies See Details
 

Women in Business - Miss America Pageant

Miss America Pageant

award

Up to $10,000

deadline

Varies
See Details
 

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
See Details
 

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
See Details