Being the accounting auditing a process that analyzes the financial situation of a company and validates the accuracy of the accounting records proves to be advantageous, because in addition to validating the information, it certifies to the administrators that the internal controls are being carried out in an efficient and effective manner. Or, if not, it suggests improvements.
Precisely for this reason, in any company, regardless of size or business area, accounting auditing adds security and transparency to the process. However, it is common for companies to seek it only when they notice evidence of errors or fraud in the financial statements.
It is worth remembering that accounting auditing it can be carried out not only in companies that comply with the requirement, but also in small companies, as it identifies fraud and irregularities in management. If not mandatory, the decision to carry out a accounting auditing it is up to the management of the company.
The process of accounting auditing it may point out errors, which are unintentional, such as incorrect interpretations of the rules, or it may point out fraud, which are intentional, such as manipulations or falsifications of records. Irregularities identified by accounting auditing can be analyzed at the management level, which will also apply corrections and improvements. Frauds, on the other hand, are reported directly to the manager, for reasons of secrecy.
The most important thing is to clarify that, even though the accounting auditing do not identify errors or fraud, it will always contribute to improvements in company practices.
The main purpose of accounting auditing It is to compare the financial statements with the financial and financial situation, but this process covers other areas of the company.
In order to highlight the importance of the process, in addition to the main one being to protect errors and fraud in the financial area, we list some of the areas that benefit from accounting audit:
· In the tax area, accounting auditing ensures compliance with tax obligations, thus protecting the company from fines and penalties;
· In the heritage area, accounting auditing helps to control the company's assets;
· In the administrative area, accounting auditing reduces negligence and inefficiency of processes;
· In the social area, accounting auditing suggests the correct application of resources, increasing the credibility of investments.
These are just some of the benefits brought by accounting auditing, which is restricted to the auditor and in compliance with Brazilian and international standards, due to independence issues.
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.
