Importance Of Audit Financial Statements

CHAPTER ONE : INTRODUCTION     The origin of Auditing is as old as the existence of the human society which is accompanied by the development of system of accounting. Although the ancient history of auditing has sparse documentation, its existence had been traced from the records of the Mesopotamian civilization dating back to 3,500 BC. The Mesopotamian records, which were essentially financial transactions, exhibited marking. Viewed as a system of verification, provided e evidence of the existence of internal control and separation of duties (Oladipupo, 2005).   &nbsp…