ESSENCE OF AUDITING (PART 1)
November 2, 2018
Suffice to say that , an audit can add value to small and medium scale companies and the reasons why most small and medium scale companies engage in auditors is because small business owners are always looking to improve efficiencies and effectiveness in the day to day operations of their business. By identifying existing or potential weaknesses or control lapses during an Audit, it gives the small business owner the opportunity to work on such inefficiencies and improve the overall running of the business.
These, in turn, mitigate and reduce costs drastically and increase the profitability of your business.
As an auditor myself, I have outline simple processes, guideline you need that will help to examine your financial operations in order to maintain efficiency in your organisation.
Auditing and Accounting is a universal language. So irrespective of which country you reside, you will find this book very valuable. The principles outline will help you and guide you.