WHAT IS AN AUDIT?

The ISA, or International Standards on Auditing, require your auditor to perform a variety of audit procedures in order to obtain audit evidence that is appropriate and sufficient in order to reach this opinion with a high, but not absolute, level of assurance.

WHAT ARE THE BENEFITS OF AN AUDIT?

• Audits strengthen the credibility of the information contained in the financial statements.
• Weaknesses in internal control may be identified providing insights into business risks, and relevant recommendations for improvement provided.
• Misstatements may be identified (whether through fraud or error), that can be addressed and corrected by the entity.