While external audits assess financial risks and statements, internal audits go further and consider your business’ growth, impact to the environment, employee culture, and reputation. Financial auditors can perform an external or an internal audit for you, but they must not have a stake in your company. At the conclusion of an audit, they render their opinion on the integrity of your documentation. Independent financial auditors are people who are not on the payroll of your company and do not have a stake in your outcome. Other reasons to conduct an audit include to verify that you are in compliance with regulatory agencies, and to protect your company from the risk of fraudulent financial practices. They give them reasonable assurance - not absolute assurance - and they give your company’s financial documentation more value. However, financial auditors use this process to assure your stakeholders (and any interested outsiders) of your company’s financial position. This process can look and feel as if someone is scrutinizing your sensitive files, searching for errors and misstatements. These often-annual events probe your company’s financial position: They look at your accounting records, internal control policies, and accounts in accordance with industry-accepted accounting standards. No-code required.Ī financial audit is the investigation of your business’ financial statements and accompanying documentation and processes, and is performed by someone who is independent of your organization. WorkApps Package your entire business program or project into a WorkApp in minutes.Digital asset management Manage and distribute assets, and see how they perform.Resource management Find the best project team and forecast resourcing needs.Intelligent workflows Automate business processes across systems.Governance & administration Configure and manage global controls and settings.Streamlined business apps Build easy-to-navigate business apps in minutes.Integrations Work smarter and more efficiently by sharing information across platforms.Secure request management Streamline requests, process ticketing, and more.Process management at scale Deliver consistent projects and processes at scale.Content management Organize, manage, and review content production.Workflow automation Quickly automate repetitive tasks and processes.Team collaboration Connect everyone on one collaborative platform.Smartsheet platform Learn how the Smartsheet platform for dynamic work offers a robust set of capabilities to empower everyone to manage projects, automate workflows, and rapidly build solutions at scale.
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