Value of Audits For a Business

[Hate2Wait]

Audits are useful for a business if done properly as they will help in make them aware of the issues, problems in the business so that they can take timely action on them

 

[flower]

Regular auditing is very critical to business growth and it is important for each and every business owner to audt their account so that the business will not fail .

 

[hastral45]

The reason why most companies refused to pass the audit test osz because they don't want their accounts or financial records to be made public. With the avoidance f that, it would be very possible or them to commit tax evasion or paying correct taxes to the government.

 

[Hate2Wait]

It's important to organize both internal and external audits for the business as it's the only way to look at the unambiguity in the business operations which should be corrected at the earliest.

 

[Springtime]

In my location, it is mandatory for private and publicly listed companies to have a certified accountant to audit their books on a annual basis. This is to ensure that there are no flaws in the financial records of the company.

 

[Hate2Wait]

These internal or the external business audits are so much helpful for a business as it helps them in getting to know the loopholes and unambiguity in their business operations

 

[jetsaints30]

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.

I agree but audits can also highlight areas where the company is excelling Its not just about finding problems its about recognizing strengths too.

 

[Hate2Wait]

Audits are so much important for the business as this is how they are able to find any mistakes or problems in their system and can easily detect and sort out

 

[eldavis]

I think more awareness needs to be done about this cause most companies do not even take time out to carry out these exercise internally not to mention externally .

 

[henrytuedor]

absolutely no doubt there can be dishonesty going on in any business so we can never take a risk and we should always be pre prepared fir such events to be true and taking actions if needed accordingy .

 

[Fidelia]

Audits are very important for businesses because they help to uncover any fraud in the financial reports of the business.

 

[Min George]

Audits are so important for any business big or small. They help to ensure that the financial reports are accurate so that the business would not fall abruptly.