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External audit

| Contributor:
Hoang Truong
IT audit


External audit is the process of examination of the company financial report that is conducted by an independent accountant. The main purpose is to check whether the financial statements are reliable or not.


A  firm hire Deloitte(a famous independent accountant firm) to perform external audit. The accounting firm will check the following factor of the company:

  • The accuracy and completeness of the client's accounting process
  • Verifying if the accounting records have been prepared with the applicable accounting framework (GAAP, IFRS,etc.)
  • Verifying if the financial statements reflect the company's results and financial position
  • Verify that critical controls that monitor a company’s financial data work as intended

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