Auditing is the verification of assertions
An audit of financial statements aims to express or disclaim an independent opinion on the financial.
Documents
Accounting or accountancy is the measurement,processing,and communication of financial and non financial information.
Financial accounting focuses on the reporting
Financial accounting produces past-oriented reports—for example financial statements.
The first published work on a double-entry
Accounting began to transition into an organized profession in the nineteenth century.
The double-entry accounting system in use today
Developed in medieval Europe,particularly in Venice,and is usually attributed to the Italian mathematician and Franciscan friar Luca Pacioli.