OMN 622 Week 5
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Description
Auditing
OMN 622 Financial Decision-Making
Auditing
Finances are what determines whether most companies succeed or fail. Companies will have auditors inspect them finances in order to continue with any success that may lead to increase revenue or to stop the misuse of funds within the company (Epstein, 2014). A healthy financial plan is key for business success.
The staff should expect the auditors to look at any financial records that exist within in the company. Auditors will typically examine financial statements to make sure that they are in compliance of laws and regulations. Staff should be prepared to answer questions regarding day to day operations.
Auditors will also explain their findings to include face to face meetings with the management of the company. During...