How frequently do you do some auditing for your businesses?

[Stardom22]

Auditing is a very important activity on the business. Most entrepreneurs get to know about information like determining the net worthy for the businesses, how much exactly does the business own or owe .

 

[Suba]

External audits are conducted at the end of each fiscal year, especially for publicly traded companies, to be disclosed to third parties. Internal audits can be conducted at any time, including monthly, bimonthly, or quarterly, depending on business needs. My business is small and easy to monitor, so there's no need for internal audits.

 

[eLdavis]

At the moment, since am the only one running the business, i rarely do this. I am still trying to put things in order though.

 

[King Belieal]

A business with structured accounting system should do auditing for the business every three months. Smaller businesses can do every week.