Financial Auditing Standards

Financial Auditing Standards are guidelines that govern how auditors should evaluate and report on a company’s financial statements. These standards ensure that audits are conducted consistently, transparently, and objectively, so stakeholders can trust the accuracy of a company’s financial information. By adhering to these standards, auditors provide assurance that the financial statements truly reflect the company's financial position, which is critical for investors, regulators, and the general public. Compliance with these standards helps maintain confidence in the financial reporting system and contributes to overall market integrity.