What is the main objective of auditing?

The main objective of auditing is to systematically examine financial statements to ensure their accuracy, reliability, and compliance with applicable accounting standards and regulations. Auditors assess the integrity of financial reporting, which is critical for stakeholders such as investors, regulators, and management. By performing audits, organizations can identify discrepancies, reduce the risk of fraud, and enhance the credibility of their financial information. This process provides stakeholders with confidence in the financial health of the organization, facilitating more informed decision-making.

The focus of auditing is entirely on financial correctness and the adherence to standards, making it distinct from goals such as enhancing marketing strategies, improving employee productivity, or increasing customer satisfaction, which pertain to operational and strategic aspects of a business.