What is an audit?
Audit is a procedure of examination and evaluation of financial statement and consolidated financial statements of the audit obligational party and methods applied upon making the financial statements, based on which a professional and independent opinion on reality and objectivity of the financial position, operating result and cash flows is given.
Audit of financial statements includes auditing of the Balance Sheet, the Income Statement, the Cash Flow Statement, the Statement of Position and Changes of Capital and all other supplemental statements and data necessary for forming an audit opinion.
Learn more about auditing and get answers to all your inquiries!
- What is an audit?
- Who is obliged to have an audit?
- Who can perform an audit?
- Who benefits from the Audit Report?
- How high are audit fees?
- Auditing of the financial statements
- What are the obligations of the company that is being audited?
- What are the types of Audit Opinions on financial statements?
- Is there a business ethics for auditors?