LawRegulatory Compliance

The auditor is a serious assistant in the development of business

Recently, young entrepreneurs are increasingly aware that the auditor is a serious profession that helps control and develop business in the future. Previously, this specialist was associated with danger and risk, because in the event of serious errors, the company's accountant received appropriate punishment. Now the auditor is an inspector who is able not only to carry out a timely audit of the financial statements of the organization, but also to develop a number of recommendations to improve efficiency and improve the quality of labor.

Moreover, to a specialist of such a wide profile, high demands are made, because in the course of the work he must be impartial and absolutely fair. The fate of the enterprise in the future largely depends on the results of the inspection.

That is why the law establishes that the auditor can not inspect the company if it is in kinship with the head or other responsible person. The specialist himself is interested in the correctness and accuracy of the conducted studies, since his work is checked by higher organizations, and this affects the reputation of the entire audit firm.

Of course, the discount on the "human" factor is present, because we are people, which means that we are prone to make mistakes.

Nevertheless, the auditor is the chief controller of the results of the financial and economic activities of the economic entity. Therefore, he must have such qualities as attentiveness, objectivity, accuracy, education. In addition to the profound knowledge of economic sciences, it is necessary to master the law, and the legislation must be known in perfection. A specialist of this profile should be interested in any changes and additions to the code of laws, as this affects the activities of the enterprises he controls.

The guild of auditors always adheres to the basic rule that the inspector should do his best to improve the financial position of the company being audited, and not to create crisis situations. Therefore, employees of the accounting department do not need to be intimidated, but work with them in tandem. Only then will it be possible to achieve the desired result in the shortest possible time. Coherence of activities means that the inspector will quickly receive the requested information, and accountants - promptly correct the identified errors and shortcomings.

The Institute of Internal Auditors also calls for accountability and discipline. The specialist should not just give out the result on the correctness of compiling reports from the point of view of mathematics, but also develop a set of measures to minimize expenses in the field of taxation, improve the efficiency of using the available resource base, and also the competent organization of management in the enterprise.

And in conclusion I want to note that for many specialists the auditor is a profession that pays well, so it's worth trying in this area. However, the income of the audit company and its employees depends entirely on the reputation, and therefore on the quality of the work. To achieve the desired results, you have to work hard and work on yourself every day.

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