In cases where this is not mandatory, the real need for a cost of contracting auditing
still raises doubts among entrepreneurs. In these cases, a factor that justifies the performance of the auditing external is the transparency and credibility of the business. The owner needs to prove the soundness of his business to obtain loans and make investments, for example. And how not to apply this importance to companies that are not required by law?
the endorsement of auditing
bases the information that the company published in its reports. It brings credibility and gives employees the opportunity to correct possible errors and arrive at the correct numbers. Partners and investors are safer with the impartiality of auditing
external. When resorting to financing with financial institutions, interest rates and other conditions can be better negotiated if the company presents audited information to the banks.
In cases of expansion in a company's business, the auditing
can contribute by assessing whether there are activities in the company that can be outsourced or reorganized, with economic benefits and conditions to maintain focus on the company's priority activities.
If the auditing is hired in a partnership relationship, smaller companies can benefit from this type of external consultancy in several ways. The first of these is a review of the accounting organization and accounting practices🇧🇷 In addition to the functions of auditing of financial statements, where the auditor performs specific procedures to issue its opinion, auditors can contribute with guidance on accounting, tax, labor, corporate and economic issues.
When an independent valuation of the company is carried out, the auditing seeks to identify internal deficiencies and communicate them to contractors of its services without fear of compromising or harming itself within the company. In this way, the auditing
it is capable of detecting, for example, problems in inventory management or inadequate organization of the hierarchical structure, which may indicate that different professionals may be performing duplicate or unnecessary tasks. In the case of large companies, the auditing
builds credibility with the external public. For smaller companies, in general, the auditing proves to be more useful for internal reorganization.
Through the audit guidelines, the entrepreneur and his team can perceive better workflows to organize themselves. It is often common that smaller companies do not yet have well-defined methods already established for their procedures. The auditor, through his analysis and data collection, is able to highlight to the responsible area what is important and what is the best way to present the information to investors, partners and other bodies.
Another great advantage of auditing external is the possibility of detecting risks at an early stage. After collecting the data, if there is any problem, the entrepreneur and his collaborators will be able to adjust the situation quickly.
In general, the auditing it may be linked to big business or crises. In that context, it seems to be something not pleasant. However, one auditing external can not only be done in a smaller business, but it can be extremely important for the sustainable growth of the company. By properly defining what is expected from the work of auditing, the company's business may have an important increase in the quality of management and, consequently, of its business.
Get in touch with Taticca Allinial Global Brasil, which provides integrated auditing, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training services, for more information, through the website www. taticca.com.br or e-mail taticca@taticca.com.br and learn more.