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.
