Value of Audits For a Business

[Hate2Wait]

I think all companies should go for internal audits from time to time and at least two external audits because this way the management can know about the problems in the business.

 

[Shavkat]

In the old days, we do have family business and hired someone from an accounting firm. They are doing the auditing thing and report if there are some flaws.

 

[Hate2Wait]

It does help and getting our records audited once or twice in a year is a must.

 

[Reedex]

It is extremely necessary to keep auditing your business because when you do this you are improving upon the business gradually and you will be able to solve a lot of flaws.

 

[IB D]

Auditing helps to detect financial flaws and irregularities in our business. It is important to the financial life of a business.

 

[Reedex]

Auditing helps to detect financial flaws and irregularities in our business. It is important to the financial life of a business.

You have a very valid point because the necessity of carrying out account auditing is enormous and it cannot be overemphasized..

 

[IB D]

You have a very valid point because the necessity of carrying out account auditing is enormous and it cannot be overemphasized..

If you know the level of fraud that goes on in organizations, you would understand why auditing is important. It is more terrible in schools.

 

[Reedex]

Auditing helps to detect financial flaws and irregularities in our business. It is important to the financial life of a business.

Auditing is a very important aspect of the business that must be considered. You must update your account to ensure you achieve the required results and for optimum business performance.

 

[uptrendfinancialsignal]

Each and every companies should always try to audit their account constantly to keep tab of their financial performance.

 

[SHAHID987]

Audits are mandatory for companies, it is more or less for their own benefits, by this they knows it better as how many loopholes they have and they can overcome their lacking.

 

[cherry123]

I think all companies should go for internal audits from time to time and at least two external audits because this way the management can know about the problems in the business.

Sure especially for the financial books. it should be audited for proper financial keeping

 

[Magnus2022]

Auditing helps an organization to know whether they are progress or not. Moreover, auditing helps to evaluate and analyze the strategies and procedures of an organization.

 

[riberet19]

I believe that audits can help a business to be more trustworthy in the eyes of customers, even for some outside investors who want to invest in it.

 

[LoukiaCharilaou]

Auditing is definitely essential for the improvement and progress of a business.

 

[cherry123]

I believe that audits can help a business to be more trustworthy in the eyes of customers, even for some outside investors who want to invest in it.

Sure the investors will always want to look at the audited company account before investing

 

[Chibson]

I believe that audits can help a business to be more trustworthy in the eyes of customers, even for some outside investors who want to invest in it.

this is one of the major importance of auditing a business venture. It will make it to be very trustworthy in the eyes of customers.

 

[riberet19]

Sure the investors will always want to look at the audited company account before investing

this is one of the major importance of auditing a business venture. It will make it to be very trustworthy in the eyes of customers.

There is always the case of companies that do not want to pass audits because they do not do the things they say they do, we have seen this with some cryptographic companies in recent times, for example Tether.

 

[cherry123]

i believe such companies can hardly be invested In because investors always want to work with audited company.

There is always the case of companies that do not want to pass audits because they do not do the things they say they do, we have seen this with some cryptographic companies in recent times, for example Tether.

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[Chibson]

There is always the case of companies that do not want to pass audits because they do not do the things they say they do, we have seen this with some cryptographic companies in recent times, for example Tether.

Probably, any company that is afraid of passing audit may probably be a scam. That is why before I invest in cryptocurrency I always check if they have passed some audit

 

[riberet19]

Probably, any company that is afraid of passing audit may probably be a scam. That is why before I invest in cryptocurrency I always check if they have passed some audit

Yes, it's better, that's why today my preferred stablecoin is USDC and I don't trust Tether for now, maybe in the future if they do things right I won't rule it out.