Financial audit with involvement of partners
The procedure of financial audit itself has existed for several centuries. Its main goal is to analyze the performance of the department of economists, assess the general image of a commercial or non-profit company. The procedure is carried out in accordance with regulations established by law.
Audit for further partnership
First of all, the audit is important for possible partners because its results give objective risk measurement and possible profits from the investment.
The procedure helps to figure out:
• Company’s general financial solvency;
• Correlation between incomes and expenditures;
• Main reasons of losses and possibilities of their elimination;
• Capital turnover.
Accounting makes an independent assessment of business’ solvency and shows ways of its optimization. The comprehensive audit allows you to reveal the weaknesses and unleash the potential of the finance department.
Capital investments and cooperation
Financial audit with the involvement of partners is a proof of the company’s positive image. Positive results increase the chances of getting investments, cooperation, and loaning.