Financial audits are typically performed by firms of practicing accountants who are experts in financial reports. The Financial Audits is to provide the best services. Many companies are separately employ or hire qualified internal auditors, who do not attest to financial reports but focus mainly on the internal controls of the organization. Financial auditors may choose to place limited reliance on the work of internal auditors. Auditing promotes transparency and accuracy in the financial disclosures made by an organization, therefore would likely reduce such corporations conceal meant of dealings
Hedge accounting advisory
Financial statement preparation
Financial audits exist to add credibility to the implied assertion by an organisation’s management that its financial statements fairly represent the organisation’s position and performance to the law firm’s.
The principal law of a company are typically its shareholders, but other parties such as tax authorities, banks, regulators, suppliers, customers and employees may also have an interest in knowing that the financial audit and statement are presented fairly, in all material aspects. \