Financial statement audit (financial audit) includes the examination of financial statements by an independent auditor and expression of opinion, whether appropriately (according to international accounting standards) the statements are compiled.
The purpose of a financial statement audit can be different, but the fundamental purpose is to obtain assurance by an independent party that the financial results presented by the management of the organization are correct and fair.
Financial statement audit users may also be different. In particular, the company's management, founders, shareholders, investors, the state and other interested parties.
Financial statement audit helps the management to reveal the gaps in the internal control system or business processes in the organization and improve further.
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Loialte is a Georgian brand staffed by a team of Georgian professionals who are familiar with both international standards and approaches, as well as Georgian legislation. Our work methodology is based on international standards, best practices and is supported by practical experience of auditors.