Financial resource management is responsible for managing a company's monetary values and optimizing the use and application of those resources to ensure the continuity of operations. This is how it also works financial auditing , carried out by the external audit, which verifies the correct execution of these operations, involving treasury, accounts payable and receivable, and loans, for example.
When performing a financial auditing , methods are applied to obtain evidence. In addition to verifying that the operations carried out comply with internal regulations and policies, it also guarantees that the investments of the resources were actually beneficial to the company, as well as the existence of an adequate cash flow control structure linked to the organization's other accounting and budget information.
Each organization has its own processes and controls, so that a job of financial auditing it is constructed in stages, which mainly include mapping the processes, identifying existing risks and internal controls to minimize those risks, testing of internal controls and obtaining evidence, so that the auditor can form his opinion and also present contributions for improvements.
Within the mentioned steps, it is important to highlight the main objectives of financial auditing , which basically consist of: 1) ensuring that the cash balances, bank statements, and accounting accounts correspond to the registered amounts; 2) ensuring that the accounts receivable and supplier balances correspond to the actual amounts of the outstanding securities; 3) ensuring that the amounts of cash, banks and financial investments are used correctly, bringing an advantage to the company; 4) ensuring that the company's internal controls are effective in preventing fraud or irregularities.
Once these objectives have been achieved, financial auditing it adds several benefits to the company, as it points out existing flaws, certifying the efficiency of internal controls and contributing to attention with tax laws and information about the financial situation of the audited company.
A financial auditing benefits many parts of an organization, such as shareholders, creditors, and employees, as it confirms a healthy organization, with reputation and added values.
It is recommended that financial auditing be accompanied by an accounting audit, which validates whether the accounting balances correspond to the company's financial, and financial position. Currently, companies with management in high stages of maturity adopt the practice of financial auditing , because they understand the benefits it brings to the organization.
Contact TATICCA — ALLINIAL GLOBAL, which provides integrated auditing services, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, at www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.