PPTX - Why Do You Need An Auditor - Thakur Chabert
                     www.thakur-chabert.com
Why Do You 
Need  An 
Auditor?
Prepared by
Thakur Chabert Limited
Introductio Why Do You Need An 
AAnu dauitdoirto?r is an impartial 
n third-party who examines 
your company’s books of 
account and records of 
transactions to provide 
assurance that your 
company’s transactions are 
accurate, the books are 
balanced, and the financial 
statements can be prepared 
in accordance with Generally 
Accepted Accounting 
Principles (GAAP).
Introductio Auditors also help companies 
n prepare for all relevant 
federal, state, and 
international regulations.
An auditor performs one or 
more of the following 
services: general audit; 
compliance audit; advance 
pricing agreement; 
performance audit.
The Importance of 
Professional Auditing 
AS ebruvsiicneesss  cannot live without 
money, but it also cannot live 
without trust. Trust is often a 
commodity traded for money. 
The real value in a company 
going about its business is the 
integrity and competency of 
those who are responsible for 
managing the financial affairs 
of that company. 
To further solidify their 
position, companies today hire 
an external firm to monitor 
their internal control systems 
and to verify that they are 
properly performing their 
accounting functions. 
External auditors are hired by 
companies all over the world, 
especially in emerging 
economies or emerging 
markets such as China, India, 
Thailand and many other 
Southeast Asian countries. 
Finding an approved auditor might 
not be easy since there are so many 
new audit firms coming up every day 
with advanced computer systems in 
place that speed up information flow 
within the organization.
The companies with the biggest 
auditing needs are usually large, 
complex and cash-rich corporations 
that have the resources to hire a 
professional firm. 
Since these businesses have been in 
the competitive game for years, they 
need to make sure they are making 
money and doing so in a legal 
manner. In other words, they need 
an external auditor to review their 
books of accounts and scrutinize 
their financial preparedness as a 
whole. Comparing financial 
information between various 
departments can help show that a 
company is competitively equipped 
to compete globally, or even locally 
within its own industry.
Benefit
s of 
having The advantage of using an auditor is that it is less expensive than using other 
professional services such as lawyers or 
an accountants. For example, if a company (XYZ Corp.) wanted to hire a lawyer to 
look through their contracts, the cost 
auditor would be much more expensive than hiring an auditor, which is why 
professional auditors are becoming 
more necessary in today’s world.
However, the biggest 
disadvantage audit firms have 
is that they are not allowed to 
officially give out any 
recommendations or 
comments on the subject of 
their audit. An external auditor 
cannot make any comments 
or even offer advice on what 
procedures or policies are 
most beneficial for the 
company. An auditor always 
makes sure that his/her client 
has implemented all internal 
controls and complied with all 
relevant rules and regulations.
Conclusion
Thakur Chabert Limited
We at Thakur Chabert provide high-
end audit and assurance services by 
adding value at every step of the 
process through our proactive 
approach in order to benefit your 
organization and protect 
shareholders’ interests.
Do you Phone Number Email Address
+44(0)7846519144, info@thakur-
have any (0)1895439444 chabert.com
questions Websitewww.thakur-
? chabert.comContact us anytime!
Resource 1 Visit Our 
Website
TPopa acgcouentants and auditors In 
Contact 
London, UK 2
Us 
 - Thakur Chabert Limited
3 About Thakur Chabert  
Limited
4 Read Full Article 
Here
Thank You!