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.

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
• Auditing Practices Board
• Auditing standards
• Auditor
• Auditors’ report
• Engagement letter
• Financial statements
• Letters of representation
• Value for money
• Third line of defence
• Developments in corporate and market regulation: implications for the treasurer