An audit is a systematic examination and assessment of an entity’s financial records, operations, or processes. Conducted by independent professionals, audits aim to ensure compliance with established standards, accuracy, and reliability of financial information.
An audit is a process that helps identify any discrepancies, errors, or fraud, providing stakeholders with assurance regarding the entity’s financial health.
Audits are integral for transparency, risk management, and maintaining the integrity of financial reporting. Skilled individuals, known as auditors, perform these evaluations, offering valuable insights for informed decision-making and accountability.
