Audit and consulting are two confused segments in the business environment. Although they work in a similar way, the service of auditing It's different from the service of consulting. Understand the difference below:
Audit
A auditing analyzes the financial statements and verifies that the records made reflect the reality of the company. It is used by publicly traded companies to certify to shareholders the integrity of accounting entries.
It is the function of auditing evaluations of procedures and transactions that impact the financial statements. Different from consulting, auditing does not operate in the company's operational areas, such as in an inventory or human resources area. It serves the accounting areas only.
By hiring the auditing, companies expect auditors to analyze and validate financial information, whether the operations carried out comply with internal rules and policies and also guarantee that the investments of the resources were truly beneficial to the company.
A work by auditing it is constructed in stages, which mainly include mapping the processes, identifying existing risks and internal controls to minimize those risks, testing of internal controls and obtaining evidence, so that the auditor can form his opinion and also present contributions for improvements.
Consulting
A consulting analyzes all areas of the company, according to the service contract agreed with the requesting company. With a more comprehensive view, different from auditing, it identifies possible distortions in practice and suggests corrections for better profitability and operational security.
The services of consulting process and interpret data related to business management. Therefore, unlike auditing, they help companies with strategic solutions related to operations. In addition to gathering relevant information, the consultancy also makes a diagnosis of the company's reality and suggests changes and strategies for improvement.
Just like the auditing, to consulting it can be internal or external, where the internal ones are carried out by employees of the company itself and the external ones by specialized companies.
Despite these differences, both auditing As for consulting their list of objectives is the concern to provide a quality service that helps the company to solve its problems and provides suggestions for the best form of management.
Contact TATICCA Independent Auditors for more information at www.taticca.com.br or email taticca@taticca.com.br or call (11) 30623000 to learn more. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.
