Documents
Auditing is the verification of assertions
An audit of financial statements aims to express or disclaim an independent opinion on the financial.
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.
Practitioners of accounting are known as accountants
Accounting can be divided into several fields including financial accounting, management accounting, external auditing.