FINANCIAL AUDIT

A financial audit is an extensive review conducted by external experts to examine a company’s financial records, statements, and documents. This process ensures that the financial information is accurate, complete, and compliant with regulations.

The primary objective of a financial audit is to enhance the reliability of a company’s financial status and operational performance. This is achieved through a detailed financial statement audit, which involves a systematic evaluation of the organization’s financial statements, accounting records, and supporting documentation by an independent external auditor.

By performing a financial audit, a company can uncover internal management issues and obtain valuable, detailed insights. These insights enable the business to better manage its current and future risks and challenges, thereby facilitating more informed decision-making.