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2 STEPS 3 Biggest audit companies |
Audit is usually done annually through 3 main steps.
BASIC DEFINITION
Audit is the examination of records and reports of a company, in order to check that what is provided is relevant, and closest to the reality. That is to say, all assets and liabilities are properly recorded in the balance sheet, and, all profits and losses are properly assessed.
This assessement is done through 2 methods, by assessing internal control procedures and by checking the consistency of items in the books. (cf hereunder) STEPS
Interim review
This is the first approach of the company. The purpose is
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