Definition
An Audit is an independent examination of financial records, processes, or systems to ensure accuracy, compliance, and reliability in reporting.
Related Services
Audits are integral to accounting, corporate governance, and regulatory compliance. Services include internal audits, external audits, and IT audits.
Problem and Application
Audits can be resource-intensive and uncover issues requiring corrective action. However, they enhance transparency, build stakeholder trust, and ensure regulatory adherence.
Conclusion
Audits are essential for maintaining financial integrity, compliance, and operational efficiency, supporting long-term organizational success.
