Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

What Is an Audit?

By Motley Fool Staff – Updated Dec 12, 2024 at 2:35PM

Key Points

  • Audits validate a company's financial claims, essential for informed investing decisions.
  • Different audit types, like external and internal, offer varied insights into company operations.
  • High-profile failures like Enron highlight the critical need for rigorous audit practices.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Our Guides

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.