A financial audit is an impartial review and assessment of an organization’s financial records that goes beyond statements and permits to include a thorough overview of the company. Audit and assurance services are one of the key services that you can’t stop as a business owner or entrepreneur to keep track of your business.
Certified Public Accounting (CPA) companies also conduct external audits, which result in an auditor’s recommendation that is contained in the audit report.
An audit opinion that is unqualified, or clean, means that the auditor finds no substantial misstatement during his or her review of the financial statements.
Independent audits may involve an analysis of financial records as well as a co-ordinated examination.
