ABSTRACT
It has been said that auditing is one of the world’s oldest professions. It had its beginning even before the first documented book on accounting and auditing was written. The first known book was written by a Franciscan friar named Luca Pacioli (1445-1517) in 1494. He was an Italian Franciscan friar and mathematician who was dubbed “the Father of Accounting” because of outlining the double-entry bookkeeping process and reconciliation in a book called Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything about Arithmetic, Geometry and Proportions). Fra Luca Pacioli and Leonardo da Vinci became great friends and mentors for each other while they were supported by the same patron. da Vinci provided the figures for the text in Fra Luca’s book Divine Proportion.
