Volume 2 - Issue 2, March - April 2026

In this paper we will discuss Auditing of financial statements and how it works. Auditing is nothing but the examination of books of accounting, vouchers and other records. The main purpose of the auditing of accounts is detecting frauds, preventing frauds and to determine the profit and loss of business. We will see the standards of auditing which helps to make Audit effective and clear. CPA has the most important role in the Auditing. To make the Audit report accurate, transparent and reliable we should follow the Standards of Auditing.This report is based on the 1900s accounting standards and provides a brief overview. In the field of accounting and auditing standards to avoid the past mistake it is important to study the history of accounting and auditing.

Poonam Dhaniram Yadav,Swapnali Vijay Thorat, Muskan Abdul Samad Khan,"Historical Review of Auditing Standards in the 1900s" International Journal of Advanced Multidisciplinary Research and Educational Development, V2(2): Page(1510-1516) Mar-Apr 2026. ISSN: 3107-6513. www.ijamred.com. Published by Scientific and Academic Research Publishing.