5 Reasons why your business should be audited:

  • Compliance with statutory requirements – An audit may be required by law or the regulation of certain industries.
  • The value of audited financial statements – The audited financial statement provides the highest level of assurance and provides credibility to both internal and external stakeholders.
  • Securing equity and debt financing – Prospective investors or financing institutions may require an audit before providing financing.
  • Opportunity to identify instances of non-compliance with statutory requirements – An audit may help identify areas where your business is no longer compliant with laws and regulations.
  • Fraud prevention – Identification of areas in the business where internal controls could be improved or where the automation of certain processes may improve efficiency within the business.