Audit is an unbiased examination and evaluation of the financial statements of an organization. It can be done internally (by employees of the organization) or externally (by an outside firm).The goal of a financial statement audit is for you to form an opinion regarding whether those statements are or aren’t free from error. To do so, you will judge the client’s information and assertions. Although every company is different, and each audit you work on will vary, you can follow some common procedures. Here are a few of the tasks you want to accomplish while conducting your audits.You can’t issue an audit opinion unless you have sufficient, competent evidential matter. Relevance and reliability are two hallmarks of good evidence. You will than test management assertions which include