The primary objectives of auditing are:
To confirm the accuracy and fairness of the financial accounts and to look for fraud or mistakes
To recommend changes to a business’s operations in order to gain the confidence of regulators, investors, and consumers
Additionally, there are several kinds of audits, such as financial audits (examining the financial side).
Operational audit (evaluating a company’s operational efficiency)
Audit of compliance (determining whether the business complies with rules and regulations)
Author: Mohamed Yasin
