Generally speaking, people do not love audits. In fact, some people see it as a strenuous and unnecessary ordeal. That is actually not the case.
Your company’s annual audit should make you confident about your financial setup. An annual audit is a very important means of making sure that your company’s financial systems are balanced and accurate.
The auditor’s job is to compare your financial numbers, verify their accuracy and let you know if and what steps you should take to secure your company from being defrauded. This process will help make your management more efficient and effective because your eyes will be opened to more opportunities for improvement.
Yes, your auditor is actually contributing to the growth of the company and the smart thing to do is to be prepared for the annual auditing, help the auditors in any way you can and use the identified opportunities to improve your contribution to the company.
We can support your team to get you fully prepared for a successful audit.