Increase sales
Collect customer feedback that increases website traffic, drives sales and provides actionable business information.
Control your image
It can be really difficult to reply in time to each review. Automate post-purchase communication, especially when you have profiles on multiple review sites.
Loyal customers
Meet the customers, respond to their concerns and create lasting relationships that will result in more returning visitors.
Building trust
79% of consumers trust reviews, so shorten the process of making decisions by customers. Build trust in your brand by showing your reviews.
Shopify WooCommerce Deconetwork Baselinker See all
Find out what's new
Knowledge base
All technical stuff
Analyze your online image
Our tool gives you an in-depth look at what your company's image looks like
Find out more
Local SEO Customers Pricing
Sign in
Sign in Sign up for Free Increase sales Control your image Loyal customers Building trust Blog Knowledge base Local SEO Customers Pricing Increase sales Loyal customers Control your image Building trust Blog Knowledge base API Documentation Customers Pricing Careers Team Reviews Catalog Affiliate Program Terms of Use Privacy Policy Data processing

Navigate through reviews
with the Captain

All-in-one social proof management platform. Focused on authentic product reviews, reliable data and e-commerce customization. Backed by 24/7 customer support.
Collect reviews
Make an appointment
We are trusted by the best
We are trusted by the best

How to conduct an internal financial audit in a company? - business guide

Rating Captain
25/09/2023 | 4 min read
How to conduct an internal financial audit in a company? - business guide

Table of contents

    Try for free
    my.RatingCaptain Local

    Try our new
    Local SEO tool

    Manage and track visibility of your
    Google Business Profiles

    Try for Free

    Try our new
    Local SEO tool

    Manage and track visibility of your
    Google Business Profiles

    Try for Free

    Financial audit is an extremely important element of every company. Thanks to it, you can accurately check the state of finances and the risks associated with the company's activities. In this business guide, we will discuss how to conduct an internal financial audit in a company and what types of audits, procedures, and standards are associated with this field.

    financial audit

    Why is business audit important? How to check it


    Financial audit is a process that allows for a thorough examination of the financial condition of a given entity, e.g. a company. It is essential for both managers and investors who make decisions based on financial statements. Auditing also helps identify irregularities and improvements in the management system, which translates into better company results.

    financial marketing

    Types of financial audits (external audit, internal operational audit, compliance)


    There are many types of audits, each with its specific objectives and scope. Here are some of the most important:


    1. Internal audit: This is an activity carried out by an internal auditor, aimed at providing an independent assessment of an organization, its risk management effectiveness, and improving the company's operations. Internal audit is an independent activity.

    2. External audit: Carried out by an independent certified public accountant, it is required for public companies and aims to provide an independent assessment of financial statements.

    3. Operational audit: Focuses on evaluating the operational efficiency of a company and identifying areas requiring corrective action. It also serves an advisory role.

    4. Compliance audit: Focuses on ensuring the company's compliance with legal regulations and industry standards.

    cfo audit

    What does the process of conducting a financial audit of a company look like?


    1. Choosing an auditor

    The first step in conducting a financial audit is to choose the appropriate auditor. This can be an individual or a company with the necessary experience and certifications to conduct an audit in accordance with ISO standards.

    2. Audit planning

    Next, we proceed to audit planning. We determine the objectives, scope, procedures, and schedule for conducting the audit. It is important to ensure a comprehensive assessment of the company's finances.

    3. Conducting the audit

    The auditor thoroughly examines the documentation and financial reporting, reports, accounting procedures, and other relevant documents. They identify any inconsistencies and irregularities.

    4. Reporting and recommendations

    After completing the audit, the auditor prepares a report that includes the audit results, identified issues, and recommendations for improvements. This stage is crucial because based on the report, we can learn about the strengths and weaknesses of our company and make strategic decisions.


    Compliance with ISO standards


    It is worth noting that many companies strive to obtain ISO compliance certification. This is particularly important, especially if the company operates in the public sector or is listed on the stock exchange. Financial audit is often an integral part of this process as it helps assess whether the company meets ISO requirements.

    financial audit

    How to contact a financial auditor?


    If you need to conduct an internal financial audit in your company, it is important to find the right expert. You can use the services of independent experts in the field of financial auditing. It is also worth consulting legal and auditing firms that have experience in the industry.


    Summary of the role of audit


    Internal financial audit is a key element of risk management and improving company operations. Through a thorough assessment of the financial condition and compliance with ISO standards, a company can achieve its goals and grow. Remember that financial audit is an independent and objective process aimed at providing a clear picture of the financial situation of the company.

    financial audit

    Rating Captain

    If you need an application for collecting and managing reviews, the Rating Captain application can help. It is an effective tool that supports businesses in obtaining and managing reviews. In the Rating Captain application, sending even hundreds of invitations will take less than 10 minutes.


    Thanks to this application, customers will be able to easily and conveniently share their experiences with the quality of your services when purchasing a product or service, allowing your company to gain greater awareness among customers on the Internet.

    Please rate this article

    Average rate this post is: 4.45{{ $app.blogCurrentReview }}
    Reviews Catalog - categories
    Accommodation and Food Services Administrative and Support and Waste Management and Remediation Services Agriculture, Forestry, Fishing and Hunting Arts, Entertainment, and Recreation Construction Educational Services Finance and Insurance Health Care and Social Assistance Information Management of Companies and Enterprises Manufacturing Mining, Quarrying, and Oil and Gas Extraction Other Services (except Public Administration) Professional, Scientific, and Technical Services Public Administration Real Estate and Rental and Leasing Retail Trade Transportation and Warehousing Utilities Wholesale Trade

    Try our new
    Local SEO tool

    Manage and track visibility of your
    Google Business Profiles

    Try for Free
    Try for Free Close