A financial audit is an examination of an organization's financial statements and related operations to ensure accuracy and compliance with accounting standards. Auditors review records, transactions, and internal controls to assess whether the financial statements present a true and fair view of the organization's financial position. The process typically involves both internal and external auditors. Internal auditors work within the organization to identify risks and improve processes, while external auditors are independent professionals who provide an objective assessment. Financial audits help build trust with stakeholders, including investors, regulators, and the public.