Audits

1. Audits An audit is one of the ways in which the scientific principles of accounting can be applied; where the verification of patrimony, labor and the benefits achieved by the enterprise are fundamental. Audits try to provide the guidelines so the members of an Enterprise can develop their activities in a suitable way by a process of evaluation, recommendation of strategies and the careful review of each area within the organization. In a company, the evaluation of the organizational performance of the whole entity is fundamental to be able to determine if the objectives of the company have been met. Audits are one of the best ways to verify their fulfillment. The auditor’s main objective is to find out about the integrity and authenticity of the actions and files within the organization’s information system. When a company is in negative numbers auditors usually recommend different strategies to achieve financial recovery. For example, releasing a new product (even if it is ahead of schedule) to re-engage with the market and recover the financial losses. Audits are essential for the companies, they give them opportunity to analyze their existences and delimit the strategies and guidelines to remain active in the market and improve their positioning.