*1. Confirming the Accuracy of the Balance Sheet:
- The audit ensures that the business's balance sheet is accurate and reflects the true financial position at the time of the audit.*
*2. Assessing the Effectiveness of Internal Control Systems:
- Auditing the internal control system helps assess the company's ability to prevent errors and financial fraud.*
*3. Identifying Risks and Opportunities for Improvement:
- The audit process identifies financial risks and provides opportunities for improving processes and systems.*
*4. Authenticating Information for Stakeholders:
- By authenticating financial information, audits build trust among shareholders, banks, and business partners.*
*5. Compliance with Legal Regulations and Accounting Standards:
- Audits ensure that the business complies with applicable legal regulations and accounting standards.*
*6. Supporting the Strategic Decision-Making Process:
- Data from the audit process not only forms the basis for financial reporting but also supports the strategic decision-making process.*
*7. Enhancing Access to Financial Information:
- By disclosing audited information, businesses enhance access and support from stakeholders.*
*8. Assistance in External Complaints and Lawsuits:
- Audits provide valuable support in resolving complaints and lawsuits from external parties.*
With its crucial role, a business audit is not only a mandatory process but also a strategic partner helping the business maintain and enhance financial certainty.