Introduction: The main purpose of external audit to express a belief on whether the information obtainable in the financial statements, reproduce the financial situation of the organization at a given date. External auditor’s evaluation a firm’s operations, internal controls and financial exposure. An external audit procedure ensures that a company’s internal controls, procedures, strategy and plans are sufficient, successful and in observance with lawmaking necessities, industry standards and company policies. This external audit also ensures that reporting methods avoid errors in financial statements. Audit report users include investors, company management, controllers and business partners. Lenders, suppliers and creditors. For model: Are details of what the organization owns and owes correctly evidenced in the balance sheet? Are profits or losses properly assessed? Wahid systems is the suitable

Approach for understand the external audit purpose,


Worth > Apparitions>Helping (Government Agencies Regulate)>Idea > Demand Frame = Wahid system


W = Worth

A = Apparitions

H = Helping (Government Agencies Regulate)

I = Idea

D = Demand Frame

Worthy: An external audit progression is vital for company management, controllers and investors. Top management and the audit committee of a company examination an audit statement, or report to discover on working collapses as well as fragments presentation elevated risks of loss. Controllers notice company developments and mutual performs in audit reports and make certain that such applies fulfill with appropriate laws. Investors examine audit attitudes to measure a company’s financial position and management’s immediate proposals or continuing policies.



Apparition: External auditors naturally have to be a certified public accountant (CPA) to achieve a financial statement audit in accord with Public Company Accounting Oversight Board (PCAOB) regulations. But, an external auditor performing arts a prepared, an information technology or a fulfillment audit does not need documentation.


Helping(Government Agencies Regulate): Government agencies use reports equipped by external auditors to enlarge their acquaintance of a businesses procedures and observance to laws appropriate in their influences. They also use audit information as a basis for their enquiries or examinations. For illustration, the U.S. Securities and Exchange Commission strength use audit report information to start an insider-trading enquiry at a company. Correspondingly, insurance commissioners strength use audit information to enquire about a firm’s performs and observance to status insurance acts.



Idea: An external audit report presents “complete declaration” to investors and financial market contributors that a company’s accounting proceedings are “fair-haired,” absolute and in observance with generally accepted accounting principles (GAAP), business values and authoritarian necessities. “Complete declaration” means sponsors are convinced that external auditor’s assessment a company’s procedures or gearshift in aspect, and that audit outcome are truthful. “Fair-haired” way goal or truthfully in audit terminology. Absolute financial statements comprise a balance sheet, a statement of profit and loss, a statement of cash flows and a statement of proprietors’ capital.


Demand Frame: An external audit procedure classically sprints during the year other than external auditors create difficult financial statements one time a company locks its accounting proceedings and organizes financial statements. An external auditor might partner with internal audit team to examination areas or fragments with important internal troubles and can preparation the audit in agreement with such a assessment. An external auditor furthermore may perhaps converse throughout the year with departmental tops of regions in assessment to argue audit preparation, source provision and trying programs.



Conclusion: A lot of our customers need financial information expert by a self-governing external auditor to guarantee its wellbeing when making a variety of decisions based on it. Such decisions may be in observes to magnetizing investors, gaining loans, or the decisions of the administrator government establishment for tax reasons


MHOHAMMAD WAHID ABDULLAH KHANS/O MOHAMMAD SAADULLAH KHANDhaka, Bangladesh Mr. Mohammad Wahid Abdullah Khan is the Project director of “Max Textiles Ltd”.Mr. Wahid has been in accounting field since 1999. Prior to that he had completed over ten (10) years in various fields of Business like – Accounts, Finance, Internal & External Audit, project budgeting and project costing related positions in some of the largest group companies & the join venture companies in Bangladesh. He consults with small- medium business owners and services professionals, business consulting service and project process. He is most experience in Financial Risk Assessment, Financial analysis, Financial Advising and Project Cost Analysis. He has published more than 150 articles & case study in different international journals. Such as Business, finance, personal finance, international finance, auditing, Risk assessment topic and performance & industrial related,Mr. khan’s most popular articles is  “WAK” Model – The way of best solution for an organization internal audit process,( 1st,2nd,& 3rd part) “WAK” Model”- for successful financial resource , “Wahid khan”- cost analysis,Wahid theory – the key of dynamic series for successful financial consulting, Wahid techniques – the Significance and dependability manner for Performance audit(1st,2nd,& 3rd part) Wahid’s Opinion – non-conformity among the performance audit and financial audit,Wahid’s view- The cogent task and the confront of financial/economic analysis in the modern business decision making , Wahid’s outlook- The Business Financial Analysis Should Be Included several required Documents with the analysis report or plan, WAHID’S JUDGMENT- difference strategic plan as opposed to an operational plan ,WAHID’S METHOD– the charismatic and fruitful guideline for financial investment decision making ,WAHID’S MEASURE – the influential and evaluated of similarity between profit & non- profit business planning & Wahid’s philosophy- The examined & careful consideration of strategic planning against business planning, PPBS MODEL,He has consulted with more than 25 service & product companies,  in recent years Mr. khan has been spending most of his professional time for financial consulting , Mr. Wahid is the owner of “WAM” Associates and “WAK” business solutions;  
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