A wide range of organizations find themselves subject to audit requirements, not just as a matter of compliance but also as a strategic move to enhance their credibility in the market. Publicly traded companies are obligated under law to undergo annual audits to protect the interests of shareholders and the public. Similarly, private entities, especially those seeking to raise funds or expand their operations, opt for audits to demonstrate their financial integrity to potential investors or lenders. Non-profit organizations, too, face audit mandates to ensure transparency and proper use...
Key Elements in Audit Engagement Letter: What You Need to Know
