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The audit is a control and inspection system that occurs within a company in any sector of activity. In order to improve processes, for example, or in order to verify that it really acts within the legal terms in accounting. There are many types of audits, however the purpose of internal audit is to help a company to meet its objectives, evaluating. Moreover improving the effectiveness of its risk management and control processes.
Any company, regardless of its size, must register each operation that it carries out, each sale that it obtains. Moreover in short, record every entry and exit of money that exists. In this way, financial information is reliably and really controlled. To give credibility to the accounts of the company, it is necessary that from time to time a financial audit be carried out. Because while everything is going well, there is no problem. However, what happens if there is a crisis in the company? The accounts are going to be the first ones that will be subject to review. Actually that is why it is one of the most important types of audits we can find.
In any business, as simple as it may be. Audit methods are necessary whose objective is to achieve maximum transparency in relation to the company’s financial and economic policies. So before knowing types of auditors, the term audit must be known.
It is a process implemented by the management of a company to enable it to control risk operations to be performed by the company. Through better control of its processes and thus achieve the objectives that management has set. For this reason, its resources are measured, directed and supervised so that the company can achieve its objectives. Internal control is a process whose objective is to control all the processes implemented by the company. This is a main concept of business management that will lead in the years to come their restructuring in depth.
When we refer to a tax area, we refer to that pertaining to the public treasury. Nor to the different public organisms whose purpose is to collect taxes and tributes. Thus, when talking about tax audit, we refer to the control and inspection of the tax situation. Either of a natural or legal person. Through these types of audits, it is verified if the taxpayer complies or not with his tax obligations.
