History of Auditing
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|The History of Auditing |
|A detailed overview |
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Auditing has a rich history within the United States. There have always been various rudimentary forms of auditing when the first businesses were started; however the focus of this paper will be on auditing standards within the twentieth century. To look beyond that departs from what would typically be termed as “modern accountancy” and its relevant roots. Author Bruce Marshall helps describes why this historic perspective is so important of our field: “Accountancy is a recognized profession like those of law and medicine. ... In fact it might not be too much to say that it is regarded as the most important of all the professions. Indeed it is the cornerstone upon which the whole industry of our Empire is built.”[1] Establishing a Need for Auditing In one of the earliest forms of organized auditing, the American Institute of Certified Public Accountants issued a series of pamphlets to the accounting
|The History of Auditing |
|A detailed overview |
| |
| |
| |
| |
Auditing has a rich history within the United States. There have always been various rudimentary forms of auditing when the first businesses were started; however the focus of this paper will be on auditing standards within the twentieth century. To look beyond that departs from what would typically be termed as “modern accountancy” and its relevant roots. Author Bruce Marshall helps describes why this historic perspective is so important of our field: “Accountancy is a recognized profession like those of law and medicine. ... In fact it might not be too much to say that it is regarded as the most important of all the professions. Indeed it is the cornerstone upon which the whole industry of our Empire is built.”[1] Establishing a Need for Auditing In one of the earliest forms of organized auditing, the American Institute of Certified Public Accountants issued a series of pamphlets to the accounting