Audiitorteenuseid

Audiitorteenuseid, which translates to "audit services" in English, refers to the independent examination of financial statements, records, and other information of an entity to express an opinion on whether these are presented fairly in accordance with a specified framework, such as International Financial Reporting Standards (IFRS) or generally accepted accounting principles (GAAP). These services are typically performed by qualified and independent auditors, often certified public accountants (CPAs) or chartered accountants, who adhere to professional standards and ethical guidelines.

The primary objective of audit services is to enhance the credibility of financial information for various stakeholders, including investors, creditors, regulators, and management. By providing an independent assurance, auditors help to build trust in the financial reporting of a company. The scope of audit services can vary, but commonly includes examining accounting policies, internal controls, and the accuracy of financial data.

There are generally two main types of audits: statutory audits and internal audits. Statutory audits are often legally mandated for certain types of companies to ensure compliance with laws and regulations and to protect public interest. Internal audits, on the other hand, are conducted by an organization's own employees or external service providers hired by the company to assess operational efficiency, risk management, and adherence to internal policies and procedures. Both types of audiitorteenuseid play a crucial role in corporate governance and financial integrity.