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What is an audit?

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial statements prepared by management. This provides the stakeholders, generally the shareholders or members, with a degree of comfort in relation to the reliability of the financial report.Read about the Saward Dawson approachAudit Guide – An overview of Audit 

Peter Shields's Articles

Big effort for all as we raised funds for Summer Foundation

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial […]

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Charity inFocus

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial […]

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NFP Fringe Benefit Tax

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial […]

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NFP – Deductible Gift Recipients

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial […]

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Income tax exemption

An audit is an independent evaluation of a process, outcome or report with a view to providing a level of assurance to various stakeholders.Most commonly audit is referred to as "the provision of assurance over a historical financial report". The audit of financial statements provides an independent opinion on the truth and fairness of financial […]

Read more