What is independent auditing: concept and application

Suitable for evaluating and investigating a company's financial statements, independent auditing is a way to improve corporate governance and provide security to investors

When it comes to gathering and organizing information about a company, few things are as effective as an independent audit. By definition, independent auditing is the process of analyzing and validating the financial and asset information of a business by an exempt and external company. The process consists of hiring a respected and market-based external auditing, who will apply its methodology to analyze and give an opinion on the current situation of its client.

When hiring an independent auditor, the contracting company must bear in mind that the analysis will be transparent and based on the current reality of the business. The independent auditor will build a report expressing your opinion about the numbers in the audited financial statements.

The independent auditor will need access to the company's balance sheet numbers and other information, such as assets and taxes that are being paid. The main advantage of having an independent audit is being able to count on an impartial report with clear guidelines on what should be corrected or improved.

Being able to rely on honest guidelines is of high value to corporate governance, because managers may see errors that they may have been ignoring, already knowing their impact on the competitiveness of the business in the market. The document can guide leadership professionals in coordinating their teams so that everything is followed up and the beneficial results to the company arrive as soon as possible.

Still regarding the advantages of having an independent audit, receiving audit certification is something extremely well regarded in the market by shareholders and investors. That's because there will be information with high credibility for the respective conferences. From the shareholder's point of view, the investment will transmit more secure information, making the investment of capital clearer and more reliable.

Learn more about independent auditing by clicking here.

How to hire an independent auditor?

TATICCA Auditors and Consultants has a team with more than 20 years of experience in the independent auditing segment, having already served large clients in the market. Contact us by calling (11) 3062-3000 or by e-mail taticca@taticca.com.br

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