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What is the purpose of the annual audit?

The annual audit is just a verification process of your company's financial systems and statements. The auditor will look at the accuracy of the numbers and the processes and let you know if internal control steps should be taken to help protect your company against fraud.

What is the purpose of auditing?

The purpose of an audit is the expression of an opinion as to whether the financial statements are fairly presented in conformity with appropriate accounting principles.

What is a PTA audit?

An audit is a formal examination of the financial books and records of the financial officers of the PTA. It serves to certify that receipts and expenditures, as authorized in the minutes, are in conformity with bylaws, standing rules, and budget limitations.

What is a PTO audit?

At the end of every school year, you all can ease your minds by facilitating an audit of your PTO's financial records. In this context, an audit is simply a detailed review of your financial records rather than the formal legal certification of books that major corporations run.