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What Exactly is an Audit and How Does it Work?

March 22, 2023

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An audit is an examination of a business’s financial reports by an independent auditor or organization.

The main purpose of an audit is to ensure the information included in the financial reports is true and reflects the company’s financial position at a given date. So, an audit is not necessarily bad for your business; it can also be a maintenance check that lets you know everything is in order with your reporting system.

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