Audit

Welcome to our discussion on the scope of an audit. This thread is designed to provide a comprehensive understanding of what an audit entails, the different types of audits, and the specific areas auditors focus on during their examination. Whether you're a student, a professional, or simply interested in the field of auditing, this thread will help clarify the various aspects and importance of an audit. Definition and Purpose of an Audit: An audit is a systematic examination of financial statements, records, operations, and performance to ensure accuracy, compliance, and reliability. The primary purpose of an audit is to provide assurance that the financial statements of an organization present a true and fair view of its financial position and performance.