A General Audit is a comprehensive examination of an organization’s financial statements to determine whether they are presented fairly and in accordance with applicable accounting standards (such as IFRS or GAAP).

The main objectives are:

• To provide an independent opinion on the fairness of the financial statements.

• To assess whether the statements are free from material misstatement caused by fraud or error.

• To enhance the credibility of financial information for users such as investors, creditors, and regulators.

The result of a general audit is an Independent Auditor’s Report, which may include opinions such as unqualified, qualified, adverse, or disclaimer of opinion.