Auditing is an important resource for the control of companies.
Greetings dear readers, with this new facet of businessman I have many concerns about the right way to manage a company, in the various reviews I have made of different texts, I found a tool that I consider from my point of view important within a company, I refer to the audit that according to my perception allows organizations to know what their current situation, ie, how their income and expenses are going. In this sense, it does not matter if the company is large or small, the objective is to keep its financial situation and internal controls organized.
Astorga (1995), stated that the audit is the examination by the auditor of the financial statements of an organization, through the application of a series of procedures, subject to certain rules, and the performance of certain tests, based on solid accounting knowledge, to ensure that they present a true and clear view of the transactions summarized in the period under review and thus be able to issue an impartial opinion.
That is, the audit is that detailed examination that is performed to the company to verify whether it has a trained and efficient staff to help meet the established objectives, and it is also the one that determines through certain processes if the company has profits or losses. It is essential to have auditors specialized in the subject that can give real and efficient results quickly and concisely.
It should be noted that there are many types of audits, each one dedicated to a specific subject, but in general the administrative audit is applied because it is in charge of evaluating if all the objectives of the companies have been fulfilled and the financial audit because it determines the economic situation of the company.
In this sense, some authors recommend that this type of audit is applied by an auditor completely external to the company that does not have any links with owners or workers and thus can give clear and real results regarding the current situation of the company. The auditor will generate a report specifying all the observations obtained at the time of the audit with their respective recommendations.
Finally, specialists in the area recommend performing an audit at least twice a year, since this is the way to follow up on all the weaknesses that the company has in order to improve every day and not affect its financial situation and achieve the established objectives.
Astorga, M. (1995). Auditing I Caracas: UNA Publications
Audits are equivalent to X-rays that allow us to see what is not apparent, when we have a company or when we set goals, audits constantly allow us to have real information about what is happening with the company or how far we are in our objectives, it is an excellent tool that can be applied to almost everything and no doubt that timely information of a bad process can prevent many things in the company so it is important to perform constant audits for the information it provides in real time.
Hello friend, I really liked the definition you gave to the audit as the x-ray that allows us to see what is not apparent, so important is this tool to see how efficient our company is.
See you later, have a great weekend !
Hello @amestyj, one of the great challenges for entrepreneurs today is the application of control mechanisms over their commercial activities, such as management indicators, quality management systems on processes, continuous monitoring and the dreaded audits.
Fortunately, you as an engineer have a lot of knowledge on this subject, and you have guaranteed success in your new business.
See you
Hello dear friend, it is undoubtedly a very helpful tool for entrepreneurs, which allows to verify if there is any irregularity in the processes of the company.
I hope to be able to fully carry out my small and humble business, I hope you have an excellent start to your business.
Auditing is clearly important for companies that is a sure way to check out possible loopholes in the company.
Hello, it is correct what you mention, the audit is an exhaustive review of the processes of the company, in this way as you mention you can verify if there are any financial irregularities.
See you later, have a great weekend.
Greetings dear friend @amestyj.
As usual you share with us another excellent content, you are absolutely right the audit is a great resource that allows us the healthy control of any company, where it is important to highlight what you express in the audit.
Important features that make the audit a fundamental tool in the business world.
Thank you friend for sharing such interesting content with all of us, many blessings to you and your family.
Dear friend @rbalzan79, it is true what you say, the audit is a fundamental tool to take the company to the destination we want, since it allows us to verify if there are irregularities.
See you later, blessings to your family, have a great weekend.
Audit is important because it gives a clear picture where we are leading and what improvement we have to make to make our goal accomplished.
Hello friend, the important thing about the audit is that we diagnose what is happening and we can make corrections in time, in case there is any irregularity.
See you later, have a great weekend !