The importance of auditing cannot be overstated. A good auditor is not only able to clear your issues quickly, but also helps you improve your company. Although the main reasons for a financial audit have to do with business and legalities, you shouldn’t forget the psychological aspect that is very important when dealing with other entities, such as banks, clients and shareholders. If you conduct regular audits, you will generate more confidence from the people you work with, as well as with government institutions.

There is a long list of reasons why you should have regular audits, but the most important ones involve accountability and good business practices.

1. You Will Have a Detailed Overview
Once the auditors have concluded their findings, you’ll have the final report in your hands. From here, you will have a complete picture of how your business is working.

2. Receive an Additional Perspective
People - inlcuding yourself - can become complacent, even in the best possible team.

3. Improve Your Credit Rating
If you have a solid and expanding business, it is best for your bank, shareholders, and investors to know everything about it.

4. Become More Reliable
If you own a larger company that has upper management or corporate investors, regular audits can provide reliability in your statements and inspire assurance that everything in your business is going as planned.
Even if you are a small business or just starting out, you will benefit greatly from the reliability your company will portray to the tax officials. They will be able to rely on your audited financial statements to reach their conclusions about your level of taxation or other matters from their area of interest.

5. Be Certain Where Your Company Is Going
With a professionally conducted financial audit, you will have much more information about which parts of your business are going smoothly and which ones require a bit of tightening up.

6. Promote Accountability
Additionally, you can use the auditor’s report to promote accountability for the managers and employees in your company.


Having explained the Important of Auditing To A Business, Here are some of the best Auditing and Tax Maters Company in Lagos State.

1. Ayodele Lambo & Co.
Phone: +234-803-563-8483, +234-817-539-6029, +234-811-175-1116
Address: 5th Floor, REINSURANCE HOUSE, 46 MARINA STREET, Marina, Lagos Island, Lagos, Nigeria .
Website: ayodelelambo. com/

2. Adroit Advisors
Adress: Suite A17, 78/82, Kudirat Abiola Way, Alhaja Humani Memorial Shopping mall, Oregun, Lagos Nigeria
Phone: +234-803-563-8483,

3. Victor Osolake & Co.
23 Owodunni Street, Onipanu Bus Stop, Shomolu, Lagos. +234-811-175-1116

4. Achebe Professional Service Limited
13 Coastal Road off Alpha Beach Road, Lekki, Lagos Nigeria