Significance of auditing

Created by Alphonsa Jos.

I'm a Product Manager in Dubaia, Sierra Leone. I work at Auditing firm.

Project Description

Regular or continuous auditing of financial statements is an attractive part of any business package for lenders, creditors, and investors. It can help to stabilize the credit rating of a business, provide assurance to would-be investors, and even keep the bank onside in the event you need to take out an unexpected loan

Primary objective of any organization is to minimize the cost and maximize the profit. Auditing is a essential factor for every organization for its efficiency .The primary goal of an audit is to express an opinion in two aspects of financial statements of the organization. Here comes the importance of auditing firms. It helps to diagnose internal corruptions and economical imbalances of an organization.

An auditing firm is a company that reviews activities to identify inefficiencies, reduce cost, and otherwise achieve organizational objectives. Auditing firms may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also help to ensure the accuracy of reports.
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Project Goals

  • Audit

  • finance

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