Principles and Practice of Auditing  (Paperback, Nazia Sultana)

The enormous growth in trade and commerce as a result of industrial revolution and subsequent liberalisation of trade has placed tremendous pressures on accounting and auditing professionals. Reliable information that facilitates business decisions is affected by rapid growth of information technology and businesses need sufficient reliable information which can be obtained through some verification performed by independent persons. Auditing has permanently evolved, answering such questions. Governments of many nations mandated companies to make provisions for accounts of companies to be checked and reported by people other than the managers of the company. Given the non- transparent governance practices in boards and management of big corporations, it becomes imperative to adopt strict auditing and corporate governance practices.