Audit and Compliance in Government Accounting

Audit and compliance in government accounting involve reviewing financial records and practices to ensure accuracy, transparency, and adherence to laws and regulations. Audits are thorough examinations conducted by independent auditors to verify that government funds are properly managed and reported. Compliance means following specific rules and standards set by laws and policies. Together, they help prevent fraud, waste, and errors, ensuring public resources are used responsibly and accountability is maintained. This fosters trust in government operations and ensures financial integrity.