What is an Audit and Why It is Important for a Company?
The audit plays a very important role in a company : it review s the accounting, administrative, labor, etc. procedures of a company and verifies that certain previously established criteria are met. James Liggett CPA , who has decades of experience in this field, define s the concept of auditing as the process by which a company or independent professional (auditor) is hired to collect accounting information. T his information , as specified by Liggett CPA is valuable to verify that the company being audited has complied with the accounting standards.