Corporate Financial Services:
Auditing is the process of reviewing and verifying the accuracy of financial records and reports. Auditing is typically performed by an independent third party, such as an external auditor, to ensure that financial records are accurate and reliable. The purpose of an audit is to provide assurance that an organization’s financial reports are fair and accurate, and that they conform to generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS).
Auditing reporting is the process of documenting the results of an audit. This includes preparing a report that summarizes the audit findings, including any issues or concerns that were identified during the audit process. The report is typically presented to the organization’s board of directors, management, and other stakeholders. The purpose of the report is to provide information about the financial health of the organization, and to recommend any necessary changes to improve the organization’s financial management practices.
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