'Islamic Auditing and Conventional Banking\r'

'Auditing is an examination and validation of a companys financial and encompass records and supporting documents by a professional, such as a Certified Public Accountant. jibe to AlBaraka, Muslim coin bank building is an debut that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically †welcome social and financial objectives. two mobilization and investment of money should be conducted in union with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that stodgy bank operates found on debtor-creditor relationships.For example, it is between depositors (creditor) and bank (debtor); and borrowers (debtor) and the bank (creditor). Conventional bank maximize profit by charging interest to customers. On the other hand, Basu (2006) defines Audit writing as â€Å"… the document to which attendant dumbfound his opinion about the justice of the financial statementsâ⠂¬Â. The audit report is one of the vital separate of communication used by auditors. The nature of the report essential be clear and cryptic enough to be tell and communicated as its represents the auditor’s believability as healthy as the degree of debt instrument being undertake.Often the role of conventional auditor is to come up with a report examining the credibility of the financial statements and whether the financial statements be prepared in consonance with an applicable and relevant auditing standard. However, when referring to the auditor’s report of Islamic Bank or the Sha’riah supervisory report of an Islamic Bank, the orbit of auditor’s report will be extended. This is because auditors for Islamic banks must also indorse the compliance of the bank suffice to that\r\n'