Why did the government make auditing a mandatory function for bigger entities? Yes, it is because the profits they earn must be accounted by so that the government can earn the taxes, right? If auditing is not done, it can even lead to insiders of the organisation doing malpractices etc. So, this highlights the importance of auditing! What is auditing? Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements. An audit can apply to an entire organization or might be specific to a function, process, or production step. What do you think? Should auditing be made mandatory for all organisations, or should it be conferred only to the big entities? The presentation will provide valuable resource regarding auditing. Please refer.

Sneha S Raj

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