auditing frameworks

Auditing frameworks are structured sets of principles, standards, and procedures that guide how audits are conducted. They ensure that financial reports and operations are examined consistently, accurately, and objectively. These frameworks provide auditors with a clear methodology to assess an organization’s compliance, identify risks, and verify that financial statements reflect the true financial position. Examples include standards set by organizations like the International Standards on Auditing (ISA) or Generally Accepted Auditing Standards (GAAS). By following these frameworks, auditors help maintain transparency, trust, and integrity in financial reporting.