Benefits of an Audit

  • Objective assessment of areas of interest to management
  • Confirmation that controls and procedures are satisfactory
  • Identification of deviations from management's polices and procedures, or standards and expectations
  • Identification of controls that need improvement
  • Recognized improvements to accounting controls to prevent and detect problems
  • Ideas to eliminate redundant or burdensome controls
  • Identification of productivity enhancements
  • Recognized opportunities to automate procedures
  • Confidence in the use or design of electronic data processing systems
  • Confidence in personal computer applications
  • Recoveries of unbilled or under billed revenues
  • Recoveries of contractor overcharges
  • Early detection of problems and remediation before they cause undesirable consequences.

Was this page helpful for you? Yes No