An audit is a review of the financial statements of a company to make sure they are accurate and up to date. Auditors check for fraud, unauthorized transactions, and other problems.
They also look for any evidence that management is mismanaging the company. An audit firm can audit a company's financial statements, internal controls, and compliance with regulatory requirements. if you are looking for audit companies in London you can simply browse the web.
Image Source: Google
How does Wall Street work?
Audit firms are one of the many important institutions that make up the financial world. Their purpose is to ensure that businesses and governments operate within the law, and to provide objective auditing and consulting services. audit firms are usually divided into two categories: independent auditors and internal auditors. Independent auditors are hired by a company or organization to audit their own performance. Internal auditors, on the other hand, are employed by a company to conduct audits of its own subsidiaries.
Audit firms also play an important role in creating and enforcing financial regulations. They work with regulators to identify potential violations of financial laws, and then help enforce those laws by issuing reports recommending action to be taken. In addition, audit firms often provide consulting services to businesses and government agencies, helping them understand their financial system and how best to use it.