Five Reasons Why Auditing is Important for Business
For recording Financial Transactions in a business, accounting is most important. The financial stability of any business cannot be stated without accounting. Therefore, accounting plays a vital role in preparing accurate financial audit . The basic purpose of accounting is to provide help and assistance to stakeholders and enable business decisions with the help of financial information. Accounting is a procedure including the subsequent steps– · Recording · Summarizing · Analyzing · Collecting · Ensuring Accuracy Accounting services is commonly mentioned as the “Language of Business. Accounting is important because to grow the business, there must be a process that can be predicted and measured. This involves a methodology ...