Who can perform a financial statements audit?

In the United States, Certified Public Accountants (CPA) are legally eligible to conduct the auditing and provide opinion on financial statements. The following are the six phases involved in the financial statement audit.

Who can prepare financial statements?

Who can prepare Financial Statements? The business owner or company accountant or any other employee (hopefully with some accounting knowledge!) can draw up the financial statements internally.

Who can do audit?

Who can perform an audit? In India, chartered accountants from ICAI or The Institute of Chartered Accountants of India can do independent audits of any organisation. CPA or Certified Public Accountant conducts audits in USA. There are four main steps in the auditing process.

Can an accountant audit financial statements?

Financial Audit

When a CPA audits your financial statements, he examines various accounting documents, such as your budget, accounts payable and expense reports, to make sure you are following generally accepted accounting principles. The CPA also will offer an opinion on the statements.