Auditing: Conventional and Divine Perspective

Abstract

Audit function comes after completing the accounting function. As it is treated applied accounting, there is a necessity to framework it with certain rules and regulations. This can be reinforced with the direction of Divine message. The main focus of this study is to discuss auditing concept in conventional as well divine perspective, so that compression can be done between the same. Through the knowledge of auditing, it can be said that whether the financial statements portrait a ‘true and fair view’ of concerned organization or not. Based on this information various decisions have been taken by stakeholders. Inappropriate practice of auditing may lead a vast group of interested party to wrong direction in taking material decision. In order to make audit practice more efficient and accountable, it is the best way to take shelter under the umbrella of divine message and make an auditor thinks himself/herself that he/she is accountable for his/her work to Almighty Allah as well organization or others.

Key Words: Auditing, Accountability, Self audit, Efficiency.