Importance of External Audits

An external audit is a third-party assessment of the organization's financial accounts in views of Best Accountants in Feltham . It is frequently carried out for legal reasons (because the law requires it). An audit produces an audit opinion on the financial statements present a "true and fair" picture of the organization's processes and current situation for the period. The in-house internal audit team cannot give the same level of objectivity as an external audit. While internal auditors are naturally concerned about the outcome of their investigations, there are no worries about the external Management Accountants in Hounslow facing sanctions if the organization is unsatisfied with their report. This lack of bias is critical for establishing the trustworthiness of a company’s financial statements and its financial health. A sponsoring agency may perform an external audit by Best Accounting Firm in Feltham as part of its annual review of accounts or as a supplem