Auditing is a meticulous process of examining and verifying an organization’s financial records, transactions, and internal controls. The primary objective of an audit is to provide an independent and objective assessment of the accuracy and reliability of financial statements. Auditors scrutinize financial data, assess internal controls, and identify potential discrepancies or irregularities.

The audit process helps instill confidence among stakeholders, including investors, creditors, and regulators, by assuring them that the financial information presented is accurate and consistent with accounting principles.