What Is Authentication Of Accounting Records?
The authentication of accounting records is to check the accounts prepared by a company and report as to whether or not they show a true and fair view of a company’s results for the year and its financial position at the end of the year. When the accountant has completed his work he must prepare a report containing the opinion he has formed. In simple cases he will be able to report that he carried out his audit work and that, in his opinion, the accounts show a true and fair view and are properly prepared in accordance with the relevant ordinance. In simple Authentication of accounting records defined as “a formal examination, correction, and official endorsing of financial accounts, especially those of a business, undertaken annually by an accountant”.
