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What is auditing?

• Creating financial reports

• Checking if information is true and accurate

• Calculating profits

• Managing money

Why is auditing important?

• To make numbers bigger

• To make reports colorful

• To ensure honesty

• To reduce homework

What does “evidence” mean in auditing?

• Guessing the answer

• Proof that supports information

• Personal opinion

• Random data

What is professional skepticism?

• Trusting everything

• Ignoring numbers

• Memorizing data

• Questioning information before believing it
  

What is fraud?

• Honest mistake

• Miscalculation

• Intentional deception

• Forgetting data