Financial auditing is the process of examining an organization's financial statements and records to ensure accuracy and compliance with accounting standards. Auditors review documents such as balance sheets, income statements, and cash flow statements to verify that the financial information presented is truthful and reliable. This process helps stakeholders, including investors and regulators, make informed decisions based on the organization's financial health. The primary goal of a financial audit is to provide an independent assessment of the financial statements. Auditors may be internal, working within the organization, or external, hired from outside firms. Their findings are typically summarized in an audit report, which can highlight any discrepancies or areas for improvement in financial practices.