Q » What is the purpose of a financial audit?

17 Oct, 2025

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A » A financial audit is a systematic examination of an organization's financial statements and records by an independent auditor. Its purpose is to ensure accuracy, compliance with accounting standards, and detect errors or fraud. Audits enhance transparency, providing stakeholders with confidence in the organization's financial health and operational integrity, which is crucial for informed decision-making and maintaining trust among investors, regulators, and the public.

Edward

17 Oct, 2025

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All Other Answer

A »A financial audit ensures the accuracy and reliability of a company's financial statements, providing stakeholders with confidence in the financial reporting. It involves an independent examination of financial records, identifying potential risks and areas for improvement, and verifying compliance with relevant laws and regulations.

David

17 Oct, 2025

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