Finance system audit:The fundamental purpose of the audit is to provide independent assurance that management has, in its financial statements, presented a “true and fair” view of a company’s financial performance and position.
Statement formation:1. General: Formal declaration, narration, presentation, or recital of circumstances, events, facts, or a state of affairs. 2. Banking and commerce: Chronological summary of all transactions associated with an account during a stated period, and their effect on the account. See also account statement.