- An audit helps the directors to be up to date with the financial flow of the company. They dont need to involve in the accounting process on daily base.
- An audit give us the exact calculations to achieve the expected margin and we can understand the loss and gain in easy way.It reducing the risk of fraud or tax planning
- An audit will improve the plausibility and accuracy of the figures being submitted to potential clients. If the director is forecasting to be in the market for next 5 years, it may be beneficial to carry out regular audits
- An audit is beneficial if a company is arising and increasing the turnover in the upcoming years, in order to avoid having to revisit the previous years’ total, once the threshold has been reached
- An audit helps the shareholders that the figures in the accounts show a true and fair view
- An audit assures to identify delicacy in the auditing systems and help us to put forward improvements.