The History of Auditing :: GCSE Business Marketing Coursework

The History of AuditingAbstractThe evolution of auditing is a complicated history that has endlessly been changing through historical events. Auditing ever so changed to meet the needs of the business organisation environment of that day. Auditing has been around since the beginning of humanity civilization, focusing mainly, at first, on finding efraud. As the United States grew, the business realness grew, and auditing began to play more important graphic symbols. In the late 1800s and early 1900s, people began to invest money into large corporations. The Stock marketplace crash of 1929 and various scandals made auditors realize that their roles in society were really important. Scandals and stock market crashes made auditors aware of deficiencies in auditing, and the auditing community was ever so quick to fix those deficiencies. The auditors job became more touchy as the be principles changed, and became easier with the use of internal controls. These controls introduce d the need for testing not an in-depth detailed audit. Auditing jobs would prevail to change to meet the changing business world. The invention of computers impacted the auditors world by making their job at generation easier and at times making their job more difficult. Finally, the auditors job of certifying and testing companies financial statements is the sand of the business world. IntroductionAuditing has been the backbone of the complicated business world and has always changed with the times. As the business world grew strong, auditors roles grew more important. The auditors job became more difficult as the accounting principles changed. It also became easier with the use of internal controls, which introduced the need for testing, not a complete audit. Scandals and stock market crashes made auditors aware of deficiencies in auditing, and the auditing community was always quick to fix those deficiencies. Computers played an important role of changing the way audits were p erformed and also brought along some difficulties. A apprize History of Early AuditingAuditing has existed since the beginning of human society. Auditing was used mostly for the spying of fraud and was done through extensive detailed examination from antediluvian patriarch times until the late nineteenth century (Lee, 1988). Fraud was a not bad(p) concern during the early history of auditing, because internal controls were not used or not used effectively until the twentieth century. The late nineteenth century was a turning point in auditing history, when laws like the English Companies forge of 1862 were enacted.