Accounting inspection, also known as an AUDIT, is the process of examining an organization's financial records to ensure accuracy and compliance with applicable laws and regulations. It involves a thorough review of the company's financial statements, internal controls, and other accounting documents. The purpose of an AUDIT is to provide assurance that the financial statements are free from material misstatement and that the company is in compliance with applicable laws and regulations. An AUDIT can also help identify areas of potential risk and provide recommendations for improvement.