what s the purpose of an audit 
audits are generally meant to ensure that businesses and individuals are being honest and accurate about their financial positions but the purpose of an audit depends entirely on the type of review in question corporations are routinely audited to ensure that they re compliant and are following accounting standards audits also ensure that businesses are representing their financial well being accurately tax agencies conduct routine audits at random or may do so if someone s tax return is flagged things that may trigger an audit include specific tax credits and deductions or certain types of income 