Financial statement audits
Your financial statements are a significant component of your financial reporting. An audit provides assurance about the true and fair view of the financial statements.
Auditing the financial statements
Organisations compile their financial statements as a way to provide information about the previous financial year to stakeholders. The financial statements show how the organisation has performed. It provides information for the organisation’s stakeholders – banks, shareholders, grant providers and prospective buyers, for example. These stakeholders need to be able to rely on the figures and explanatory notes presented. An audit opinion on the financial statements that is issued by an independent auditor provides the assurance they need.