Local Government Audit And Its Effect On Council's Account

2.1    Definition of AuditAudit has been defined in various ways but with little variations. According to Benin (2001) in his dictionary of management, Vol. 2 defined audit as a critical examination and analysis of an activity by an independent person performed to check the efficiency of the activity and often to check security. This definition is however narrow.The international encyclopedia of social sciences defined auditing as concerned with the independent verification of the statement of financial position and the results of operations of an entity.In Penguin Dictionary of Commerce it wa…