Financial Auditing involves the audit of both general purpose and specific   purpose financial      statements. The aim is to provide an opinion on whether the financial statements have been prepared in accordance with the approved   framework, and whether they have been faithfully presented.In performing the audit, the firm is providing    reasonable assurance to the users of the financial statements with regard to its truth, and therefore enhance confidence in using the same for decision making.Auditing assignments can be done in regular regulatory frequencies or more.The audits are done by applying the International Standards of Auditing (ISA), and other pronouncements of the International Auditing and    Assurance Standards Board (IAASB).

FINANCIAL AUDITING