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A financial statement audit is an independent examination of a company’s financial records. This process ensures that the financial statements present a true and fair view of an organization’s financial position. Audits provide confidence to investors, lenders, and other stakeholders that financial reports are accurate and comply with accounting standards. What Is a Financial Statement Audit? A financial statement audit is a review conducted by a qualified auditor. The auditor examines financial records, transactions, and internal controls. The goal is to confirm whether financial statements comply with generally accepted accounting…

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