auditing framework

An auditing framework is a structured system that guides how an organization examines its financial records, operations, and controls to ensure accuracy, compliance, and effectiveness. It involves setting standards, procedures, and criteria for auditors to evaluate whether the organization’s activities align with regulations and internal policies. This framework helps identify any errors, fraud, or weaknesses, enabling improvements and maintaining trust with stakeholders. Essentially, it provides a formal approach to checking and verifying that everything is functioning properly and transparently.