What is a financial audit?

Answer Financial audits are independent reviews of a company's financial information and statements. Audits offer internal management and external stakeholders an objective opinion on how well the company... Read More »

Top Q&A For: What is a financial audit

What is Financial Audit Risk?

Audits are assessment tools companies use to determine how well its operations meet financial and business relations or guidelines. Companies may use a mix of internal and external audits for revie... Read More »

Basic Procedures for a Financial Audit?

If you aren't an accountant, conducting a financial audit is a huge task! An understanding of simple procedures in auditing will help. An organization or company uses the financial audit for many r... Read More »

Financial Statement Audit Procedures?

Auditors who review firms' financial statements focus on internal controls and processes, operating guidelines, business risks and policies in financial reporting programs. They also may evaluate h... Read More »

How to Teach Students to Audit Financial Statements?

Auditing financial statements is an essential skill for any student considering a future in finance, accounting or general business. Understanding this process will help students learn how manageri... Read More »