Is the balance sheet audited, and if so, by which auditing firm?

By | August 22, 2023

Auditing Firm

Auditing Firm

 

Auditing Firm, Certain organizations mandated by regulations to undergo financial statement audits, whereas others choose to undergo such audits on a voluntary basis.

If a company’s balance sheet audited, the auditor will be a certified public accountant (CPA) who is independent of the company.

The auditor will review the company’s financial records and procedures to ensure that they are accurate and compliant with generally accepted accounting principles (GAAP).

The auditor will then issue an opinion on the fairness of the company’s financial statements.

The audit firm that audits a company’s balance sheet can vary depending on the company’s size, industry, and location.

Some of the largest  firms in the world include Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers.

 

To visit: https://www.mca.gov.in/

 

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