Audit & Assurance
audit noun
au·dit | \ '?-d?t \
Methodical examination and review to provide third-party assurance to stakeholders [promoters, board, investors, regulators, etc.] that the subject matter [books of account, financial statements, assets, returns, systems, processes, etc.] is free from material misstatement [significant misstatements which influence economic decisions].
Statutory audits, tax audits, internal audits and special purpose audits.