Audit Regulations

Audit regulations are rules that ensure financial audits—reviews of how a company manages its money—are conducted reliably and ethically. These regulations set standards for auditors to follow, promote transparency, and prevent fraud or errors. They also require auditors to be independent, maintain objectivity, and report findings accurately. The goal is to protect investors, creditors, and the public by ensuring that financial statements truly reflect a company's financial health, fostering trust in the financial markets and promoting fair business practices.