Basic Audit

Auditing, auditing is a field of activity that involves independent examination of accounting records, but auditing is only specifically concerned with examining the financial reports of private and government companies.

The main objective of this accounting is to ensure that the preparation of financial reports prepared by company accountants is in accordance with applicable accounting principles.

Apart from that, the more specific objectives of auditing accounting are as follows:

Completeness

The aim of this accounting has the meaning of completeness, which means that this accounting ensures that all existing transactions, whether recorded or still in journal form, can still be accounted for in real terms.

Accuracy

Accuracy in auditing accounting is the accuracy of recording and preparing financial reports based on company transaction data and existing balances that have been recorded at the appropriate amounts.

What Is (Existence)

The purpose of audit accounting means that the audit accountant tries to check and ensure that all financial records or ongoing activities are recorded correctly. So that later the data will exist and be true without any lies.

Assessment (Evaluation)

Auditing accounting has the aim of providing evaluations related to all accounting principles that exist in all circles and have been determined appropriately and appropriately.

Explanation (Clarification)

This accounting aims to clarify all transactions of the company's operational activities contained in its classification journal. If it is clarified, then the final balance calculation will automatically be classified correctly and appropriately.

Cut Off

This term means the cutoff point where auditing accounting activities include timely and accurate recording of all transactions along with existing evidence. The journal results may also contain errors and must be re-examined which must be separated.

Disclosure

An accounting audit aims to reveal the amount of existing balances along with the requirements provided in the form of financial reports. The report must also be able to be accounted for clearly and with certainty.