An audit is an independent assessment of the company's financial records to ensure that the statements are a fair and accurate representation of the company's financial position. One accounting audit plays a necessary role in ensuring that a company is not only being truthful in its financial reporting, but also that the company's operations are performing as expected.
One of the accounting audit not only examines whether a company's financial statements are accurate, it also verifies that the company's systems are working as they should. The systems that an auditor examines include measures taken to reduce or eliminate accounting errors or fraud.
Based on the results of a accounting audit, auditors recommend changes that the company should make to its processes or systems to eliminate problems and reduce future errors. The audit report also points out possible company failures that would allow an employee to make mistakes or fraud.
Companies must strive to keep operating costs low without sacrificing productivity. One accounting audit reviews the company's financial objectives and goals to determine whether the policies and practices established by the company are being carried out as planned. Auditors suggest how the company can make adjustments to its practices and policies to generate results in line with these goals and objectives.
One of the accounting audit External support helps ensure that money invested in a publicly traded company is being used as stated, rather than the funds being used for other purposes or activities. Auditors ensure that the company's financial documentation is aligned with the financial statements, achieving transparency in the published information.
Through a accounting audit externally, whoever invested in a company obtains the guarantee that the company is carrying out the commercial activities that the company represented at the time the investment was made.
Get in touch with TATICCA – ALLINIAL GLOBAL, which works with integrated auditing services, internal audit, accounting, tax, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, visit www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.