Functions
Financial Attest Audit (FAA) is concerned with expression of audit opinion on a set of financial statements. FAA is required to be carried out to reduce the possibility of the material misstatement in a financial statement and thereby, provide credibility to such a statement. The Financial Attest Audit Manual 2009 (FAAM) of Indian Audit & Accounts Department lays down the framework for the process of Financial Attest Audit within the Indian Audit and Accounts Department. This Manual was brought out in June, 2009 with the objective of bringing the Indian practice at par with the international best practices as far as applicable.