Financial Auditing

Financial auditing is an independent examination of an organization's financial statements and records to ensure accuracy, compliance with accounting standards, and reliability for stakeholders. Auditors review financial documents, assess the effectiveness of internal controls, and confirm that financial reports fairly represent the organization's financial position. The process helps detect errors or fraud and provides assurance to investors, regulators, and the public that the financial information is trustworthy. Ultimately, financial audits promote transparency and accountability, contributing to informed decision-making and maintaining confidence in the financial system.