Glossary: Audit (Of Financials)
In financial accounting, an audit refers to a CPA firm reviewing a company’s financials and internal controls, and reviewing documentation to verify the amounts shown on the financials.
In financial accounting, an audit refers to a CPA firm reviewing a company’s financials and internal controls, and reviewing documentation to verify the amounts shown on the financials.
CPAs and EAs are sometimes at each other’s throats about which designation is better. Such debates accomplish little.