What is the essential attribute and important feature of audit is also the essence of audit.
Audit has independence, which is the most essential feature of audit supervision and the key to distinguish it from other economic supervision. The basic function of audit is not only supervision, but also economic supervision, which is carried out as a third party. Audit subjects are full-time institutions or full-time personnel engaged in audit work, and are independent third parties, such as national audit institutions, accounting firms and their personnel.
Object:
The audit object is the finance, financial revenue and expenditure and other economic activities of the audited entity, which means that the audit object includes not only accounting information and its financial revenue and expenditure activities, but also other economic information and other economic activities. The basic working method of audit is review and evaluation, that is, collecting evidence, finding out facts and judging whether it is good or bad by comparing standards.
The main purpose of audit is not only to check and evaluate the authenticity and legality of accounting materials and their financial revenues and expenditures, but also to check and evaluate the benefits of relevant economic activities.