What is an audit?

March 4, 2024

An audit is a systematic examination and evaluation of an organization’s financial records, transactions, and internal controls by an independent and qualified professional known as an auditor. The main objective of an audit is to provide an unbiased and expert assessment of the accuracy, reliability, and fairness of an entity’s financial statements. This assessment ensures that the financial information presented in the statements represents the true financial position and performance of the organization.

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