Audit, also known as statutory audit, is one of the important types of audit which is to be done as per the statutes applicable to the business. Its primary purpose is to gather all relevant information so that the auditor can give his opinion on the true and fair view of the company’s financial position as on the balance sheet date. Businesses need to appoint an auditor in Al Khobar who gives their view independently without being influenced in any manner and helps the stakeholders to rely on financial statements.