External Audit

External Audit : External Audit: Unveiling Trust and Transparency.

What is External Audit?

An external audit, also known as an independent audit, is a rigorous examination of an organization's financial statements, transactions, and accounting records conducted by a qualified external auditor or audit firm that is independent of the organization. The primary purpose of an external audit is to provide an objective and unbiased assessment of the accuracy and fairness of the financial information presented in the organization's financial statements. This audit ensures that the financial statements comply with relevant accounting standards and regulations and that they provide a true and fair view of the organization's financial position and performance. External audits are typically required for publicly traded companies, certain non-profit organizations, and in various regulatory and compliance contexts to provide assurance to stakeholders, such as shareholders, investors, creditors, and regulatory authorities.