General Audit
Conducted annually by certified external auditors, this checks all of the financial reports from the past year. It is usually then presented to the Board and Shareholders, The audit also reviews taxes owed and dividends.
General Ledge
The General ledger is a collection of all of the transctions a company makes. It reports incoming funds and outgoing funds. Profit or Loss Closely related to the budget, this reports shows monthly income against monthly expenses including both CAPEX and OPEX.