Audit

An audit involves the review of the accounting books of the company. An audit may
be done through forensic accounting, or conducted by the company itself. If the
company is traded on a stock exchange, the audit is usually done by an official
independent body. The audit process is an in-depth examination of each financial
transaction made by a company and encompasses the total year-end accounts. Upon
the completion of the independent audit, the books and accounting procedures are
verified as accurate.