endurskoðunarferlinu

Endurskoðunarferlinu refers to the audit process. This is a systematic examination of financial records, processes, and operations of an organization. The primary goal of an audit is to ensure accuracy, compliance, and efficiency. Audits can be conducted internally by employees of the organization or externally by independent auditors.

Internal audits are typically performed to assess operational effectiveness, risk management, and internal controls. They help identify areas for improvement and ensure adherence to company policies. External audits, on the other hand, are usually performed by independent accounting firms to provide an opinion on the fairness and accuracy of an organization's financial statements. This opinion is crucial for stakeholders such as investors, creditors, and regulatory bodies.

The audit process generally involves several key stages. It begins with planning, where the scope and objectives of the audit are defined. This is followed by the fieldwork, during which auditors gather evidence through various methods like reviewing documents, interviewing personnel, and performing analytical procedures. Based on the evidence collected, auditors then form conclusions and prepare an audit report. This report details the findings, any identified deficiencies, and recommendations for improvement. The final stage often involves follow-up to ensure that recommended actions have been implemented. The specific steps and methodologies can vary depending on the type of audit and the industry.