Activator230822
Verified member
Personally I would say this concerning the subject. Auditing is very essential for a business. It's through auditing that an entrepreneur can get to know whether they make profits or losses in the business. Auditing also helps the business proprietors to determine the net worthy of the business. Sometimes a good auditing report can help business to to know the value of of the business and also can help the proprietors a chance of getting loan facilities among other benefits. However some other folks would also try to do a stock taking almost every year, For instance stock take also helps the business owners to know how much they stock in business. Stock take must be done atleast once in year. However there are so many benefits of determining the net value of the business.It can help the business to regain to the normal day to day operations of the business in Case a criminal offence have taken place on the business like burglary by the thieves and fire outbreaks.