Audit Report
Rakesh Kushwah
Starting at
$
5
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Audit Report
Benefits of an Audit The following are the benefits of an audit. An audit assists with investigations that are possibly related to fraud and some irregularities in the organization. Through audits, organizations are able to identify the areas or accounts where they are lacking and make appropriate actions to have these areas corrected. It allows to determine if resources are properly used and managed. Through audits, certain deviations of in the management’s expectations and standards are identified. The strengths and weaknesses, business risks and opportunities of an organization ca be identified. It helps promote awareness within the organization which allows to make things right or correct whatever is being done wrong. It facilitates discussion with employees from every department and to find feasible solutions to identified problems.
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