What is financial statement audit?

The audit of financial statements refers to the audit opinion of certified public accountants on whether the financial statements are prepared in accordance with the prescribed standards through the implementation of audit work; The purpose of audit is to improve the trust of the expected users of financial statements, issue audit reports of financial statements according to the audit results in accordance with the provisions of auditing standards, and communicate with management and governance.

Brief introduction of financial statement audit

The audit of financial statements is an audit of the risk of material misstatement at the level of financial statements. It is necessary to clarify the scope and specific content of the audit, which is the basis for auditing the risk of material misstatement at the level of financial statements.

The focus of financial statement audit is mainly to audit the completeness of the preparation of main tables, schedules, notes, financial statements and other statements; Whether the report deadline is appropriate and the data source is reliable.

Generally, other statements can check the total amount first, and then check the errors and suspicious problems in detail. We must find out the causes and sources of mistakes and imbalances.