External Audit

The objective of an external audit of financial statements is to assess whether, in the auditor’s opinion, the statements present a true and fair view of the company’s financial position, results of operations, and cash flows in all material respects. This evaluation ensures that the financial statements are in conformity with national or international generally accepted accounting principles (GAAP).

1. Verify Accuracy: To confirm that the financial statements present a true and fair view of the company’s financial position, performance, and cash flows, in accordance with applicable accounting standards.
2. Enhance Credibility: To increase the reliability and credibility of the financial statements, thereby fostering confidence among stakeholders such as investors, creditors, and regulators.
3. Ensure Compliance: To assess whether the company’s financial statements comply with relevant accounting principles, legal requirements, and regulatory standards.
4. Detect Fraud and Errors: To identify and address any instances of fraud, mismanagement, or material errors, and to help mitigate the risk of such issues occurring in the future.
5. Evaluate Internal Controls: To review and assess the effectiveness of the company’s internal controls over financial reporting and provide recommendations for improvements.