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Category: Accounting, Auditing & Book Keeping ServicesAccounting, Auditing & Book Keeping Services|Accounting|Book Keeping Services|Auditing|Accounting Service|Accounting Firm|Audit Servicesmy.simapages.com has extensive information on Audits in accounting provide an assessment of a system's internal control. The goal of an audit is to express an opinion on the person / organization / system (etc) in question, under evaluation based on work done on a test basis. Due to practical constraints, an audit seeks to provide only reasonable assurance that the statements are free from material error. Hence, statistical sampling is often adopted in audits. In the case of financial audits, a set of financial statements are said to be true and fair when they are free of material misstatements.
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