In this article, the author present a short history of the financial auditing activity by reviewing relevant speciality literature. Financial auditing is a verifier and main user of Accounting information. The financial auditing activity has a centuries-old tradition, although it was not known under this name. Conclusive evidence confirm that the history of Accounting is similar to the history of economy itself. Social life development and the formation of states were achieved only by colecting taxes and dues. The results were the development of accounting instruments and techniques and the creation of Accounting branches or related disciplines which followed the evolutionary pace of Accounting. Financial auditing followed the pace of development imposed by practical necesities.