Audit comes from the latin word 'audire' that means 'to
hear'.Generally, Audit is an examination and verification of a company's
financial and accounting records and supporting documents by a professional,
such as a Certified Public Accountant.
According to Montgomery, "Auditing is a systematic examination of
the books and records of a business or other organization, in order to
ascertain or verify, and to report upon the facts regarding its financial
operations and results thereof."
