1 Smoking is the leading cause of preventable death in the U.S., causing over 438,000 deaths per year. 2  Secondhand smoke is a serious health hazard for people of all ages, causing more than 41,000 deaths each year. 3  Marijuana smoke contains many of the same toxins, irritants and carcinogens as tobacco smoke.
Definition of Financial Audit. A financial audit is an independent, objective evaluation of an organization's financial reports and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, directors, and managers reasonable assurance that financial statements are accurate and complete.
A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The auditor's report must accompany the financial statements when they are issued to the intended recipients. The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business.