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Why do you need the service of an auditor?
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[QUOTE="Phantasm, post: 343056, member: 94599"] A variety of reasons make auditors crucial in business. They check financial information for accuracy and reliability to eradicate any mistakes. They also ensure the consistency of accounting principles and regulations by exposing fraud as well as errors in financial reporting. They evaluate internal controls, enhance stakeholder confidence and meet statutory requirements regarding external audits. Business performance improvement ideas are provided by auditors while helping in decision making processes. Therefore, they offer an essential service of ensuring integrity, transparency and credibility in financial reports, compliance with legal provisions, and promoting trust amongst stakeholders regarding a company’s financial results. [/QUOTE]
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Why do you need the service of an auditor?
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