An Overview on the Basics of Islamic Audit

Abstract

Today is the age of globalization and business is considering as the leading global factor for social and   economic development. It is said that, Accounting is the language of business but it is another gigantic thought that Auditing is the side language of business. Audit is the vital factor to ensure the accountability of an organization, this paper events to explore audit on the perspective of Islam which further enables a practitioners and intended users to be self-confident and inspirational in using his or her acquired knowledge both in traditional system of auditing as well as Islamic perspective. The plot of the paper is as follows: In the first part we shall examine the development and approach of established auditing and point out some of its inadequacies from the Islamic point of view. In the last part, we shall state the role of auditing in the Islamic framework.

Keywords: Islamic Auditing, Conventional Auditing, Islamic Shari’ah.