Financial audit is an independent audit of the organization’s financial statements.

It can be of two types: internal, when the research is carried out by the company employees themselves, and external, if it is entrusted to a third-party independent organization, an audit company. In addition, there is such a thing as a buy an essay audit, the task of which is to verify the targeted and effective use of investment resources.

It is generally accepted that the first audits have been conducted since ancient times. The first mentions relate to China 700 years BC. e. In the Middle Ages, audit was used primarily to verify the creditworthiness of trading partners. But the audit reached its highest development when the functions of the owners of enterprises and managers were divided, that is, in the era of industrialization to the present day, since the main task of the auditor is to provide reliable information about the financial condition of the company to its owners and creditors.