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Welcome to Lecture 1 of the Auditing course (Course Codes: 5417, 481) for BS and B.Com students at AIOU (Allama Iqbal Open University), presented by Sajjad Hussain. This lecture provides a comprehensive overview of foundational auditing concepts and practices, essential for understanding the field. In Unit 1: Introduction to Auditing, we explore the origins and definitions of auditing, distinctions between accounting and auditing, audit objectives, qualities of a successful auditor, and the core principles and techniques that are fundamental to auditing. Unit 2: Audit Procedure covers various audit types, including Private Audits, Statutory Audits, Internal Audits, and Government Audits, each addressing distinct audit requirements and objectives. AIOU Auditing Lecture 1 | Course Code 5417, 481 | Units 1 & 2 | Online Class | Aiou lecture This lecture is part of an official online class designed for BS Accounting & Finance and B.Com students, offering an in-depth understanding of audit practices, methodologies, and standards. Tags: #aiou #auditing #sajjadhussain #auditpreparation #bs #bcom #introduction #accountingprinciples #onlineclass