HIRE YOUR VERY OWN EXPERT AUDITORS FROM VIETNAM

An auditor is a finance professional who is qualified to examine and verify the correctness of financial records and ensure that businesses comply with tax regulations. They identify inconsistencies in accounting procedures, guard companies against fraud, and provide consultancy to help them improve operational efficiency. Auditors work in a variety of capacities and industries.

Auditors assess the accuracy of a company’s financial records. One of their primary duties includes preparing and reviewing written reports and financial documents. Here are other tasks they perform:

• Give suggestions to improve weak internal controls.
• Examine any instances of potential fraud.
• Compile and reconcile operating and financial data.
• Ensure compliance with industry standards, laws, and guidelines.
• Examine if procedures and processes are functioning properly.

Essential skills a skilled auditor should possess are:

• Mathematics
• Accounting
• Detail-oriented
• Problem-solving
• Critical thinking
• Communication
• Analytic reasoning
• Financial analysis
• Business acumen
• Risk management

Finance auditing is important because it provides insights into a business’s financial activities and health from an unbiased perspective. Let’s have a closer look at its benefits for a business:

• Building trust with stakeholders

Transparency is the key factor in building trust in any relationship and the rule also applies to business relationships. When conducting a finance audit, you send a powerful message to your stakeholders that you prioritise transparency in doing business, thus helping build ultimate trust. Financial audits assure all parties of accuracy and honesty in financial reporting which is vital for maintaining investor confidence and getting future investments.

• Keeping up with legal compliance

The regulatory landscape for businesses is continually developing, and failure to meet legal duties can lead to catastrophic consequences. Regular audits ensure that your business is doing things correctly, minimising the chance of penalties or lawsuits related to non-compliance.

• Mitigating potential risks

Through comprehensive investigation, auditors can uncover potential risks and offer steps to mitigate them. This proactive strategy ensures that financial statements are accurate and that the business is protected against potential financial disasters.

• Strengthening internal controls

Regular audits analyse the effectiveness of internal controls, helping to discover and solve inefficiencies that could lead to financial inconsistencies. This approach not only assists in maintaining correct financial records but also boosts the entire financial management system of the company.

• Facilitating strategic planning

The insights gathered from financial audits support business executives to make informed decisions. Having an understanding of the financial condition and performance through audited documents results in better strategic planning.

Outsourcing an internal auditor can provide several benefits, including:

• Access to a larger pool of highly qualified talents

Outsourcing services give you opportunities to tap into the larger auditor pool from anywhere around the world instead of relying only on local auditors.

• Cost savings

Away Digital Teams offers a budget-friendly outsourcing service so you don’t need to worry about the costs associated with recruiting, training, and retaining an in-house team.

• Increase productivity

A highly skilled auditor on your team can help you to process a high volume of data more quickly.

The cost of outsourcing an internal auditor can vary widely depending on several factors. In general, the scope of work, the size of the business, the location of an auditor, and their expertise are the main factors determining overall pricing. At Away Digital Teams, we offer flexible plans to ensure a cost-effective solution for your business. Contact us today for a personalised quote!

Yes, we offer flexible solutions that allow you to scale your outsourced team according to your project needs. Whether you need to increase or decrease team size, we adjust our services to match your requirements, ensuring you have the right resources at the right time.