Audit is an official inspection of an organization’s accounts, typically by an independent body. Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.
YourGlobalPro understands audit provides third party assurance to various stakeholders that the subject matter is free from material misstatement. As a result of an audit, stakeholders may effectively evaluate and improve the effectiveness of risk management, control, and the governance process over the subject matter.