Audit is not just a statutory requirement. It is also a way of intensely assessing an organization's records and systems with a resultant constructive feedback, highlighting areas of weakness and recommending appropriate remedial actions.
Business owners and managers will feel re-assured that their work has been examined by an independent professional giving peace of mind that their accounts are fully compliant with statutory requirements and, adding credibility to the organization's financial statements. Audited accounts do enhance image and reputation of a business, and will surely positively impact on the perceptions of present and potential investors and other stake holders.