Islamic Auditing and Conventional Banking

canvasing is an run and verification of a companys financial and accounting records and livelihood documents by a professional, such as a Certified Public Accountant. According to AlBaraka, Islamic depository financial institution is an institution that mobilizes financial resources and invests that money in an campaign to achieve pre-determined islamically acceptable social and financial objectives. both mobilization and investment of money should be conducted in unity with the principles of Islamic Shariah whereas according to Ustaz Hj Zaharuddin (2007) stated that stodgy desire operates based on debtor-creditor relationships.For example, it is between depositors (creditor) and bank (debtor) and borrowers (debtor) and the bank (creditor). Conventional bank maximize do good by charging interest to customers. On the other hand, Basu (2006) defines Audit authorship as the document to which canvasor take aim his opinion about the fairness of the financial statements. The audit cogitation is one of the vital parts of communicating used by auditors. The nature of the calculate essential be clear and concise enough to be disclosed and communicated as its represents the auditors credibility as well as the degree of debt instrument being undertake.Often the role of conventional auditor is to happen up with a report examining the credibility of the financial statements and whether the financial statements are prepared in accordance with an applicable and relevant auditing standard. However, when referring to the auditors report of Islamic Bank or the Shariah supervisory report of an Islamic Bank, the scope of auditors report will be extended. This is because auditors for Islamic banks must likewise attest the compliance of the bank practice to that