Audit as an inspection of the actual financial and economic activities of the enterprise
Audit as an inspection of the actual financial and economic activities of the enterprise is an independent examination of the financial statements and other information on economic and financial activities of a business entity in order to make conclusions on its true financial condition. The main purpose of the audit in the company is formation of independent opinion on the business situation at the enterprise, lawful distribution of profits, appropriateness of expenses, etc.
Audit of business entity or enterprise is performed, as a rule, by the initiative of owners. Audit report is classified as confidential information and transferred exclusively to the client and can not be transferred to third parties without its consent.