Advantages of Hiring a Public Audit Firm
External audits are as important as the internal ones because these help business owners better manage their financial ventures. It’s how companies determine the errors in their accounting records. So, aside from hiring an in-house accountant, consider also working with mid-tier public accounting firms that provide external audit services. Here’s how it can help:
Penetration Test Services
To protect the financial accounts of a specific business, a penetration test service is needed. Some audit firms provide this service to check if your systems are vulnerable to cyber-attacks that can lead to a data breach.
DPO Services
Aside from a penetration test, an outsourced DPO (Data Protection Officer) service is also offered to make sure that all the financial reports are in compliance with the law.
Flexible Terms
One of the advantages of hiring a mid-tier public audit firm is that their services have flexible terms, unlike in large-scale accounting firms. You’ll be able to negotiate with them about your desired payment plan and choose only the necessary services.
Focus on Your Business
Mid-tier audit firms can also dedicate most of their time and focus on each of their clients because these organisations have more time to provide personalised services. You can rest assured that they will show genuine interest in your business.
Detect Errors
Internal audits fail to see the errors in some financial statements so it is much better to have an outsourced firm that can perform a thorough assessment of the audits. This will make sure that all the calculations are accurate and all legal concerns are met.
Since external audits are essential in business, consider getting this accounting service from Nexia TS! This audit firm can help ensure that all the financial documents are error-free and legitimate. Check out their website at https://www.nexiats.com.sg/ to get a quick overview of their services!
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