The strategic role of auditing within the effective processes of business evaluation

in hive-175254 •  2 years ago 

The audit is a critical, supervisory and evaluative examination of the operations carried out in the entities, allowing alerting senior businessmen of any irregularities that may be occurring, for which they must constantly implement effective processes of evaluation of the proper application of internal control systems.

Source ( kirkpatrickprice )

Fundamentally those directed to the analysis and interpretation of the financial statements; giving priority to the need to evaluate the effectiveness of the transactions carried out by the same, facilitating the monitoring of the scope of the proposed objectives.

In this sense, the more assertiveness there is in the procedures, policies and organizational guidelines, the higher the degree of accounting efficiency achieved by the entities, for this purpose the administrative processes must be adapted to the existing reality in the country, in order to establish a quality control in the presentation of optimal results.

Based on the above, the research is justified from a theoretical perspective, since it will provide greater knowledge and understanding of quality control in the audit of financial statements.

Source ( pkf-muenchen )

Likewise, the importance of the research lies in the fact that it is based on a methodological follow-up that allows gathering the necessary information by means of measurement instruments. In addition, the results will allow the analysis of the incidence of quality control in the audit of financial statements.

Transformational leadership and contextual performance
are the main factors that most influence organizational culture.

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Hi
Audits are a mandate in many companies when the business surpasses a certain threshold.
Even beyond this they are an important dip stick to determine the financial health of an organization.

But most small and medium sized companies unfortunately don't run audit processes. Thanks @thetimetravelerz for leaving your comment.

hello @alaiza,
I personally believe that all organizations should have a regular audit process, usually over time people and organizations have a tendency to lose the purpose for which they were formed, the best thing to do a periodic evaluation to indicate the failures of the system before they become a problem that leads to the bankruptcy of the organization.

Unfortunately most small and medium sized companies do not execute audit processes. Thank you @trabajosdelsiglo for leaving your comment.

greetings @alaiza _
The audit is the process of reviewing all the elements that are part of the accounting as business documents and accounting administrative processes that determine through an examination if the working papers have been processed in a way to make contributions, suggestions and corrections, also serves to assess whether the accounting standards are being met as well as the mission and vision of the organization.
Thank you very much for sharing your publication

You seem to know the theoretical part of the audit process. Thank you @dgalan for leaving your comment

Strategic auditing is very important for inspecting the business and ensuring that the business runs smoothly. Nicely publication.

Correct the audit processes help to reduce problems in companies. Thank you @greatideas for leaving your comment.