Audit

1. Financial reporting.

The financial auditor’s primary role is to form and report an independent opinion on the truth and fairness of primary financial statements.

2. Independent review.

In a broader sense, auditing refers more generally to the process of independent reviewing and reporting on financial and non-financial information.

See also

• Assurance
• Attestation
• Audit and Assurance Council
• Audit committee
• Audit opinion
• Audit, Reporting and Governance Authority
• Auditing standards
• Auditor
• Auditors’ report
• Audit trail
• Developments in corporate and market regulation: implications for the treasurer
• Due diligence
• Engagement letter
• Expectation gap
• Financial reporting
• Financial statements
• Governance
• Internal audit
• ISA
• Letters of representation
• Misstatement
• National Audit Office
• Professional skepticism
• Public Interest Entity
• Qualified audit report
• Reconciliation
• Supervision Committee of the FRC
• Third line of defence
• True and fair view
• Unqualified audit report
• Value for money