To understand better the technological impact on accounting and auditing, we need to understand the classical approaches first. Since auditing procedures largely depend upon the methodology adopted while accounting the financial events in an organization, study of classical approaches of accounting need our careful consideration. Though we will consider what procedures had been used just prior to the advent of computers yet study of accounting and auditing history in brief could fetch us a much better understanding of the entire scenario.

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Keywords: Standardization, Vouching, Verification, Audit Trail, Materiality, Concurrent.