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5 reasons to always audit your business
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[QUOTE="Augusta, post: 228431, member: 25283"] If you are running a business that you need its success, then you need to add auditing to it. If you can not employ an auditor, then you should have one that comes in once in a while to check your books of accounts. You might not be aware of how your assets and liabilities are doing perfectly, but an auditor being a professional will help you out. A lot of outstanding businesses knows the importance of auditing as such there are employing this service. You would need to get an audit service for your business because of the below reasons 1.The need to detect fraud easily: This is one essence of auditing the business, the auditor will be able to detect fraud as easily as possible and more damages will be prevented 2. Detect Accounting irregularities: The auditing of your business will help any account irregularities that doesn’t coform with your business objectives to be dected and stopped almost immediately 3.The Auditor will have the opportunity during the auditing process to develop and modify internal control systems. This will boost the accountability of the business 4.With auditing there will be checks and balances in the business, this will even stop employees of developing schemes to ruin the business via stealing 5.To make sure that there is decline in the cost of capital of the business. it will make the business to avoid risks that can collapse the business. Add your thoughts to this? the reasons for auditing service in a business [/QUOTE]
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