What is an Audit? Exploring Types of Audits, Process, and Regulations
Peak Frameworks
JUNE 5, 2023
Understanding Audits An audit, at its core, is an independent examination of an organization's financial statements, records, transactions, and operations to ascertain their accuracy and compliance with the law. Consider the case of HSBC, where a compliance audit in 2012 revealed inadequate AML controls, leading to a hefty fine of $1.9
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