What is an Audit and Why You Need It? An audit is a systematic examination of an organization's financial statements and operations. It is usually conducted by a qualified accountant or auditor. The purpose of the audit is to provide an independent opinion on the fairness of the financial statements and to report on whether they have been prepared in accordance with accounting standards. Audits are not just limited to financial statements and can cover any aspect of organizational operations. The audit report is a document that summarizes the findings of an audit and provides any recommendations for improvement. Audits are important because they help organizations improve their performance and provide assurance to stakeholders that all aspects of the organization are functioning as designed. How to Choose the Right Audit Company in India? Audit companies in India are the backbone of the Indian economy. They have helped many companies and individuals to grow their busin