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Company Audit report
Company Audit Is A Formal Examination And Evaluation Of A Company’s Financial Statements, Records, Transactions, And Operations To Ensure Accuracy, Compliance, And Transparency. It Is Typically Conducted By An Independent Auditor Or Audit Firm.
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Types Of Company Audits
- NGOs Receiving Foreign Donations
- Internal Audit
- External Audi
- Tax Audit
- Forensic Audit
Company Audit
REQUIRED DOCUMENTS
- Business Bank Statement
- Memorandum & Article of Association
- Incorporation Certificate
- Last Audit Copy (If any)
Why Is It Important To Have A Company Audit
- Ensures Accuracy Of Financial Records
- Audits Verify That A Company’s Financial Statements Are Accurate And Reliable.
- This Helps Management Make Informed Decisions Based On Real Data.
- Legal & Regulatory Compliance
- Many Countries (Including Bangladesh) Require Companies To Submit Audited Financial Statements Under Corporate Laws (E.g., Companies Act).
- It Helps Avoid Legal Penalties And Maintain Good Standing With Government Authorities (E.g., Nbr, Rjsc).
- Builds Trust With Investors, Banks, Stakeholders & Partners
- Detects And Prevents Fraud Or Errors
- Audits Can Uncover Irregularities, Fraud, Or Mismanagement.
- They Strengthen Internal Controls And Accountability Within The Organization.
- Improves Financial Planning & Management
- Audit Insights Help Improve Budgeting, Risk Management, And Operational Efficiency.
- Auditors Often Provide Useful Recommendations For Better Control Systems.
- Required For International Business
- Global Partners, Donors, Or Regulatory Bodies Often Require Audited Reports To Ensure Credibility And Compliance With International Standards (Like Ifrs).
- Helps In Tax Assessment & Avoiding Disputes
- A Tax-compliant Audited Financial Statement Helps Avoid Disputes With Tax Authorities.
- It supports accurate and lawful tax filing.
