👉 An audit ion is a systematic and independent examination of an organization's financial records, internal controls, and compliance with laws and regulations. Conducted by external auditors, this process aims to provide assurance that the financial statements are free from material misstatement and that the organization adheres to relevant accounting standards and legal requirements. The audit ion involves reviewing documents, conducting interviews, and performing tests of transactions to verify the accuracy and integrity of financial data, ultimately enhancing stakeholder confidence in the company's financial health and operational transparency.
