Internal audit of companies is a specialized service that consists in the independent verification of all company reports. The purpose of such an audit is to determine reliable data on the financial condition of the entire enterprise and its financial statements.
An audit is carried out if necessary:
- confirm the financial condition of the company for foreign partners;
- increase the productivity of the firm;
- prevent tax risks;
- fix errors in reporting that lead to administrative penalties;
- prepare for the reporting period;
- check the competence of a full-time accountant.
As a result of internal audit, you are guaranteed to receive:
- elimination or maximum reduction of possible risks (tax, economic, financial);
- an independent opinion about the financial condition of the company (more often used when changing the head);
- determining the weaknesses of the enterprise;
- documentary confirmation of the state of the full financial report of the company;
- cancellation of potential risks due to mistakes made in financial statements;
- confirmation for interested parties (partners, clients, investors, etc.) that you and your company can be trusted due to a well-coordinated accounting system.