Financial Statement Audits

A financial statement audit is an independent examination of an organization’s financial records and statements by an external auditor. The purpose is to ensure that the financial statements are accurate, complete, and comply with accounting standards. Auditors assess the organization's financial practices and internal controls, providing assurance to stakeholders—like investors and creditors—that the financial information presented is trustworthy. The audit culminates in a report that indicates whether or not the statements are free from material misstatements, helping to enhance transparency and build confidence in the organization’s financial health.