audit
Sign in to savethumb|right|300px|Some typical stages in the audit process
AI overview
An audit is a systematic examination of an organization's financial records, operations, or systems to verify their accuracy and compliance with rules. Audits matter because they provide independent verification that an organization is operating correctly and honestly, which builds trust with stakeholders like investors, regulators, and the public.
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Article
17 sectionsContents
- Etymology
- History
- Information technology audit
- Accounting
- Integrated audits
- Assessments
- Auditors
- Technological developments
- Performance audits
- Quality audits
- Project audit
- Energy audits
- Operations audit
- Forensic audits
- See also
- References
- Further reading
thumb|right|300px|Some typical stages in the audit process
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon." Auditing also attempts to ensure that the books of accounts are properly maintained by such entities as required by law. Auditors consider the propositions before them, obtain evidence, document their findings, and evaluate the propositions in their auditing report.