Faculty of Economic and Financial Sciences
Learning Unit 1
Responsibilities, functions and qualities of an
Auditor
,Department of Commercial
Accounting
• What do you know about auditing?
• What do you expect to study in this course?
HISTORY AND DEVELOPMENT OF AUDITING
• Auditing started during ancient times, even though it was
not as formal as it is today as everything was taking place
orally.
• Recommended additional reading: Auditing
fundamentals p.14 (the history of Auditing)
• Also refer to page 2-8 of Principles and Practice of Auditing
by Puttick (From 7th edition) for the full history (not
prescribed).
2
, Department of Commercial
Accounting
• The stewards (guardians) were hired by their
masters to be in charge of cattle, goods and other
forms of wealth then would from time to time
produce proof / account to the master the
numbers of cattle/ goods etc. (i.e. those available,
disposed, died etc.) by narrating this report to his
master who would listen and question whenever
necessary.
3
Learning Unit 1
Responsibilities, functions and qualities of an
Auditor
,Department of Commercial
Accounting
• What do you know about auditing?
• What do you expect to study in this course?
HISTORY AND DEVELOPMENT OF AUDITING
• Auditing started during ancient times, even though it was
not as formal as it is today as everything was taking place
orally.
• Recommended additional reading: Auditing
fundamentals p.14 (the history of Auditing)
• Also refer to page 2-8 of Principles and Practice of Auditing
by Puttick (From 7th edition) for the full history (not
prescribed).
2
, Department of Commercial
Accounting
• The stewards (guardians) were hired by their
masters to be in charge of cattle, goods and other
forms of wealth then would from time to time
produce proof / account to the master the
numbers of cattle/ goods etc. (i.e. those available,
disposed, died etc.) by narrating this report to his
master who would listen and question whenever
necessary.
3
