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benefits
The audit leads to commitment by the registrar in the books and accountants in the facility, and the commitment and commitment in performing their work.
The audit finds errors, fraud and manipulation that may occur by the employees in the facility.
The facility can obtain loans and advances easily if its accounts are audited.
The income tax on the establishment can be easily and clearly determined when it audits its accounts.
When selling the facility, the purchase price can be easily determined in the event that there are records and accounts that have been audited.
In the event that the establishment is exposed to losses due to disasters (fire - floods - and others), it is easier for the insurance company to determine compensation when there are accounts audited in the facility.
The weakness and defect in the internal control system is easy to detect by the auditor and the necessary measures are taken to improve it.
difficulties
The auditor may not have sufficient information about what these records contain and what the way the records were prepared, which means that there is likely to be rigging and fraud that the auditor cannot discover even if the required professional care is taken
