Wednesday, July 23, 2014

Advatages of audit

Auditing is necessary for any organization. It is important to check the organizational performance by checking its book of account. It helps to control the fraud and errors in time. It is necessary for both small or big organization. With regular auditing the business can be conducted well. Besides these it has also following advantages:
1) Help to detect and prevent errors.
2) Helps to detect and prevent fraud.
3) Helps to obtain loan easily.
4) Helps to control the irregularity
5) Helps to get compensation
6) Helps to assess tax
7) Helps to present as a proof
8) Helps to keep account regualarly

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