What is an audit advisory firm?

Are you doubting to work in the financial industry? And you have no idea what kind of direction you have to choose when working in the accounting industry? We are gladly to help you with this decision. In this article, we explain what an audit advisory firm is and what they are doing for businesses. But first things first. Let us explain what an audit is. 

What is an audit?

An audit is a systematic periodic financial check performed by an auditor. The auditor analyses and checks with the help of a checklist if the real-time numbers correspond with the desired numbers. If the auditor finds an error, he or she had to write it down in the rapport en report it to the manager. The manager will check the rapport and the error again and hand it over to the company. An audit is very important for companies because they have to know how they are doing with the business. Maybe there is some grow off, maybe the company is not doing well. Reanda Netherlands is an audit company who performs audits for international companies who want to do business in the Netherlands. 

With this said, you actually already know what an audit firm is. They perform audits for companies who need it, and they give advice when the company is not performing well. 

What can an audit advisory firm mean for your company?

If you choose to work as an auditor and work at an audit company, it is essential that you know what kind of work you have to do. There are different types of audits that the firms work out. There is a difference between an internal audit and an external audit. An internal audit is done by auditors within the company. An external audit is done by a specialized audit firm. Additionally, there are also different kind of audits within the organization levels like:

• Systematic audit

• Process audit

• Product audit

• Distributor audit

• Certification audit

• Accreditation audit

The audit firm can only perform the external audits for the company that hired them. So if you want to make a decision where to work, you can look up the different audits and see which one fits for you.