Understanding Audits

Publication Date: 1998
Published by: Consultative Group to Assist the Poor (CGAP)
Document Type: Paper (PDF)

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An overview of external audit services

Chapter 2 of: CGAP External Audits of Microfinance Institutions: A Handbook: Volume 1 This document provides an overview of external audit services.Most of the topics touched are be treated in more depth in other chapters on this manual. This chapter covers:

• The purpose of an external audit;
• Financial statement audits;
• Other types of audits and related services;
• The difference between audits and examinations by financial authorities.