What is an independent audit? What is its purpose?

An independent audit is conducted to obtain adequate and appropriate independent audit evidence to provide reasonable assurance that the annual financial statements and other financial information are consistent with the criteria set forth for these tables and information, and that all independent auditing standards refers to the audit and evaluation of documents, records and documents.

Investors wish to ensure that the information reported in the financial statements of the companies is completed and accurate. Independent audit provides an opinion on whether an entity shows its financial status and operational results in all its important aspects in a correct manner.