Types of Audits

Front

An examination of financial statements to ensure they accurately reflect the company's financial position.

Back

What is a Financial Audit?

Front

A review to determine if the company complies with laws, regulations, and internal policies.

Back

What is a Compliance Audit?

Front

An assessment of how effectively a company’s operations are functioning.

Back

What is an Operational Audit?

Front

An audit conducted to investigate fraud or financial misconduct.

Back

What is a Forensic Audit?

Front

An independent examination of financial statements to ensure accuracy and compliance with accounting standards.

Back

Audit

Front

A professional who reviews and evaluates the financial records and statements of an organization.

Back

Auditor

Front

A formal document in which the auditor expresses an opinion on the accuracy and fairness of the financial statements.

Back

Audit report

Front

The process of selecting a portion of transactions or records for testing, rather than examining the entire population.

Back

Sampling

Front

The auditor’s formal conclusion about whether the financial statements give a true and fair view of the company’s financial position.

Back

Audit opinion

Front

Information collected by the auditor during an audit to form a basis for their opinion on the financial statements.

Back

Audit evidence