The objective of a financial audit is to add credibility to the financial position and performance of a business. Through financial audit services, a company will be able to unlock valuable and worthy insights into the business.
A financial audit helps to identify the issues occurring in the internal management and critical deep insights that can help the company to address the present and future threats and challenges to take decisions accordingly.
A management audit can be defined as an audit which analyzes the effectiveness of the management team of a company. The purpose of this is seven-fold: understand current practices, relate these to company financials, suggest new procedures which will improve the efficiency of managers, present a financial gain related to these new procedures, and create benchmarks and projections for the future.
