. .  topic map of accounting and auditing . .

concept > accounting function  > audit

class / concept name
sub-class of

function  .

full name, other names

auditing, assurance engagement or responsibility, 


auditing as a function, role, job, engagement. 

purpose / objectives

purpose of an audit is to enhance the degree of confidence of intended users in the financial statements - achieved by the expression of an opinion by the auditor on whether the financial statements are prepared in accordance with a specified financial reporting framework.

consists of

audit planning  .  obtaining reasonable assurance  .  obtaining audit evidence  .  forming an opinion  .  identifying and assessing risks of material misstatement  . 

is carried out by

auditor  .   


document  .  audit report  .

is constrained by

standard  .  auditing standard  .  ethics  .  ISA  .

reference framework

auditing concept  .  auditing issue  .



topic map of accounting and auditing, an ontology

an electronic thesaurus of accounting and auditing terms comprising a hierarchy of concepts and their associations AND an index of accounting and auditing internet resources and training materials built on the thesaurus, last modified June 2015,

 This page was first published in April 2003; last updated in June 2015.