The auditing of financial statements is a process of analysis, in which a formal evaluation is made to
ensure that the financial statement corresponds to the entries in the books. It features a series of
substantive checks to verify that the criteria for the formation of the financial statement reflect the
company’s actual situation.
The auditing of the financial statements is increasingly the will of the companies, in relation to
advantages, often substantial, that derive from this activity.
With the audit, the readers of the financial statements, lenders, employees and the tax authorities
are guaranteed the reliability of the values in which it is summarised.
Auditing also promotes transparency, an increasingly important tool for the company’s image.