Economic significance of the audit of the actual financial statements of the company emphasizes the fantastic importance of the actual audit. ICAB well expressed In Bangladesh as in most other produced and developing societies, the owners involving resources place them in the custody or stewardship involving others. Examples on this process are the actual shareholders (owners) of any company committing the resources of the company to the stewardship of the directors; the public in particular committing publicly owned resources towards stewardship of decided representatives. The owners contain the stewards accountable. Under the stewardship system involving financial reporting, the actual shareholders, who defector stand for the ownership involving corporate entity, are distinct separate on the board of company directors, who defector stand for the management of the company.