prawnilliterate

10.21.2021

An audit is the independent and systematic review of a company's accounts, books, documents, mandatory records and vouchers to ensure the accuracy and reliability of financial statements and non-financial disclosures, and compliance with legal requirements. An audit provides third-party assurance that the subject matter is free from material misstatement. Although this term is most often used to assess the financial information of a legal entity, there are other areas that are commonly audited: internal control, secretarial and compliance audits, quality management, water and energy management and conservation, and project management. As a result, various stakeholders can effectively assess and, if necessary, improve the effectiveness of the risk management, corporate governance and control processes of the legal entity. http://www.confiduss.com/en/info/blog/ar...t-requirements/

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