There are a number of benefits associated with corporate audit and review. Perhaps most importantly, audits provide assurance to businesses and shareholders that the financial statements are accurate and free from material misstatement. In addition, audits can identify potential problems early, before they become bigger issues. Shareholders also benefit from corporate audit and review, as it helps ensure that the businesses they invest in are operating efficiently and effectively.
Thus, corporate audit and review are important for businesses and shareholders alike. Businesses rely on audits to identify potential problems early so that corrective action can be taken. Shareholders rely on audits to provide assurance that their investments are not being put at risk by fraudulent or misleading practices. Performing regular audits is an essential part of good corporate governance.