Financial Audit

A financial audit is an independent examination of an organization's financial statements and records. Its purpose is to ensure accuracy and compliance with accounting standards and regulations. Auditors review financial reports to verify that they fairly represent the organization’s financial position and performance. This process builds trust among stakeholders—such as investors, creditors, and the public—by confirming that financial information is reliable. Audits can also identify areas for improvement in financial practices and internal controls, promoting transparency and accountability within the organization.