Expense. Income. Benefits. of an Audit

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1 Benefits of an Audit Expense Income

2 A business can benefit in many ways from an audit.

3 An audit would enable an organization develop a systematic approach to evaluate and improve the effectiveness of risk management, control and governance.

4 This would enable the organization to achieve its goals.

5 During an audit a professional accountant reviews the company s accounts and provides the business owner with an insight into the validity and accuracy of the accounts.

6 Valid accounting information would enable the business owner secure funds from investors and lenders.

7 Auditing provide assurance to investors and creditors that the company funds are handled in a reliable manner.

8 It would also identify areas in a company s financial structure that need improvement.

9 Auditors could help business owners discover errors in their accounting process.

10 An auditor would also give you advice on how to improve your company s bookkeeping techniques.

11 An audit could uncover fraudulent or other illegal activities within your company and strengthen internal control.

12 Through an audit a company would be able to identify the areas where they are making a profit and the areas where they are losing money.

13 Therefore, it can help improve efficiency and profitability by helping a management better understand their financial systems.

14 Visit yellowpages-uae.com to contact Auditors and Auditing service in Dubai `

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