Field Audit

A field audit is an evaluation conducted by auditors directly at a business's location. They review financial records, processes, and compliance with regulations to verify accuracy and honesty in reporting. This on-site examination helps ensure that the business's financial statements are correct and that it follows relevant laws. Field audits are common in areas like taxes, accounting, and internal controls, providing a thorough check outside of the company's usual reporting environment. The goal is to identify any discrepancies or issues and ensure transparency and proper compliance with legal and financial standards.