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What is the purpose of an audit?

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Audits provide impartial opinions and assessments of company records, processes and procedures. read more

The purpose of an audit January 04, 2018 / Steven Bragg The purpose of an audit is for an independent third party to examine the financial statements of an entity. read more

The prime purpose of the audit is to form an opinion on the information in the financial report taken as a whole, and not to identify all possible irregularities. This means that although auditors are on the look-out for signs of potential material fraud, it is not possible to be certain that frauds will be identified. read more

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