Vaatlusaudit

Vaatlusaudit is a term that refers to the process of auditing or examining the financial statements and records of a company or organization. The term is derived from the Finnish words "vaatlu" and "saudit," which translate to "financial" and "audit," respectively. Vaatlusaudit is typically conducted by an external auditor, such as a certified public accountant, to ensure that the financial statements are accurate, complete, and comply with relevant accounting standards and regulations.

The primary objective of vaatlusaudit is to provide an independent assessment of the financial statements and to identify any potential errors, fraud, or irregularities. The auditor will review the company's financial records, including its balance sheet, income statement, and cash flow statement, as well as its internal controls and accounting policies. The auditor will also conduct interviews with management and employees, and may perform tests of controls and substantive procedures to obtain sufficient and appropriate audit evidence.

The results of the vaatlusaudit are typically communicated to the company's board of directors and shareholders in an audit report. The audit report will state whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. If the auditor identifies any material weaknesses or irregularities, they will be disclosed in the audit report.

Vaatlusaudit is an essential component of corporate governance and is required by law in many jurisdictions. It helps to enhance the transparency and credibility of the financial statements, and to promote investor confidence in the company.