Finantsaudi
Finantsaudi, in Estonian usage often translated as financial audit, is an independent examination of an organization's financial statements and accounting records conducted to form an opinion on whether the statements present a true and fair view of the entity's financial position and performance for a given period, in accordance with the applicable financial reporting framework. It can be statutory, required by law for publicly held companies, insurers, banks, or other regulated entities, or voluntary for private organizations seeking assurance for investors, lenders, or management.
Audits are typically performed by external auditors who are independent of the entity. They follow professional
The process usually comprises planning and risk assessment, evidence gathering and testing, evaluating misstatements, and forming
Finantsaudi aims to enhance the credibility of financial reporting, facilitate decision-making, and support regulatory compliance, while