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Why an Audit is important?

15-May-2023 17:31 PM

Importance of audits are,

1. It helps in protecting the interest of persons who are not directly associated with an enterprise like partners, shareholders, creditors, debtors, etc.

2. It helps at the time of taking government grants.

3. It acts as a morale check on employees.

4. It helps to settle trade disputes.

5. Helps to settle accounts at the time of retirement, or death of partners. And also at the time of liquidation of any company.

6. It helps to settle tax liability, helps for making refunds of tax, etc.

Dynamic Safety helps your organization for Auditing service with well-experienced Auditors in various industries.