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What is an Audit?

Audits are an evaluation of a business’s internal controls and accounting processes. These reviews help ensure your business complies with government laws and regulations and help maintain the accurate and timely reporting of financial data.

Finding the right professional to assist and perform your audit is crucial to the success of your business. With the help of Ageras, you can find a suitable solution for your needs. It only takes few minutes to fill out our form and we make sure to provide the help you need.

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How Ageras works:

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Fill out our form so we know what you need help with.
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You will receive offers within 48 hours that suit your needs.
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Compare the offers. Then choose the one you like best.

Navigation

  1. The Objectives of Auditing
  2. Internal vs External Audits
  3. How Much Does an Audit Cost?
  4. The Auditing Process
  5. The Best Auditors Near You
  6. Contact us
  7. How Do You Recruit an Auditor?
  8. Get free quotes for one of our services

Main Objectives of Auditing

Evaluation

Auditors will review and evaluate each process and financial statement, ensuring that your business is completely compliant according to the Generally Accepted Accounting Principles.

Overview

By performing audits, business owners can figure out pain points in operations efficiently, allowing them to identify and correct problems in their workflow. An audit provides an overall look into the process and controls of the company, giving directors and management insight into their business.

Assessment

Management can utilize an audit to assess the efficiency of their business and to gain peace of mind if any fraud was suspected. Audits can also provide concrete certification of the validity of the financial statements of a business to investors, shareholders, and the government.

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Differences between Internal and External Audits

The main differences between internal and external audits are in who performs them. For internal audits, a company gives auditing tasks to an internal auditor who later reports their findings to the management. In external audits, the audit is performed by an independent accounting firm, and the auditor reports to third parties, such as shareholders. Internal audits are done voluntarily and are scheduled by management, external audits are generally involuntary and, in some cases, even required.

Whether internal or external, an audit is an essential tool to provide risk management and safeguard against potential fraud, waste, and financial abuse in your business. It provides assurance and communicates issues in the financial process.
 

How much does an audit cost?

The price of an audit is difficult to estimate, as many factors will come into the final determination. For example, the size of your business, your industry, and whether or not your company is private or public will all be important components for the ultimate price of your business's audit.

Finding an affordable auditor is hard to come across. Our platform helps you find an auditor in your price range and when you receive auditor quotes from us, you are able to compare what each auditor charges.

What happens during an audit?

The audit process can seem overwhelming and confusing to business owners, especially if they are being subjected to an external audit. There may be questions about what needs to be done to prepare for the audit, what will be looked over during the audit, and what will happen afterward.

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Identification

Either management or a third-party will identify a department or company that they deem needs auditing. An audit may be deemed necessary due to suspicions of inefficiency, fraud, or illegal activity.

Observation

An auditor will observe and begin to understand the internal processes of your business. This includes taking detailed notes, interviewing employees about their conduct, and reviewing your company's financial documents.

Report and Resolution

The results of the audit will be reported to either management or to the third-party that originally ordered it, such as shareholders. This auditor's report will be used to verify the accuracy of your business's records, and be used in follow-up to ensure that you are following the reccomendations given by the auditor.

Auditors Near You

Ageras' vast auditor network helps us find the right help for businesses in every industry, every size, and part of the country. We know auditors all across the United States, from big cities to small towns. We can find an audit firm near you or find a professional that works remotely - whatever your preference.

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How to find audit services?

Finding Audit services with Ageras

A professional that has a specialty in your business is a valuable and worthy resource and investment in making sure your finances are properly optimized. A third-party auditor is also less biased and can have a more neutral stance and approach towards conducting an audit.

Finding the right expert through Ageras is quick and easy. Tell us about you, your business, and the services you need, and we'll help to find the best expert at the best price.

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