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When was the last time you had professionals conduct audits in your company? Unfortunately, most companies in Brisbane forget the importance of regular audits. However, this is one of the things that help you enhance your company’s financial accountability and integrity, irrespective of the size. Though most companies will think that audits are necessary regulatory burdens, mainly because they incur extra costs, you cannot overstate the importance of regular audits in your company. This article will discuss why you should always hire an accounting firm to handle your audits regularly.

Reasons You Should Hire an Accounting Firm for Regular Audits in your Company in Brisbane

Hiring an accounting firm for regular audits in your company is very important for the following reasons;

It ensures that your financial statements are accurate and reliable

One of the reasons why it is essential for you to always ensure that you conduct regular audits in your company is to ensure that all your financial statements are accurate and reliable. It is always crucial for you to remember that your financial statements always help you make informed decisions for your company. Therefore, you can make poor decisions when you have inaccurate financial statements. This may result in financial loss and damage your company’s reputation. The good thing about conducting regular audits is that the accounting firm you hire in Brisbane will make sure that they correct the errors, ensuring that you have accurate financial statements. This guarantees that the financial position of the financial statements is accurate and reliable.

Enhances trust and credibility

The other reason you should have regular audits done by an accounting firm is to ensure you enhance the trust and credibility of your financial information. This is very important, especially if your stakeholders and potential investors have to check your financial statements to decide whether to invest in or with you. When you have proof that professionals do your company’s audit, be sure you will be credible, and the stakeholders and investors will trust your financial status. This way, they will be willing to invest with or in your company.

Comply with legal and regulatory requirements

The law also requires companies to ensure that they undergo audits to comply with the regulatory requirements. Therefore, to ensure that you adhere to these legal and regulatory requirements, you have to ensure that you have an accounting firm conducting your audits regularly.

Identity and prevent fraud

Fraud usually has an excellent risk for your company’s success and reputation. One of the best ways of identifying and preventing fraud in your company is having an accounting firm conduct regular audits. By reviewing your financial records, procedures and internal controls, they can locate any irregularity and red flags that could indicate fraud. By identifying fraud, they will uncover the cases early, offering an early intervention to limit any financial damages likely to result. They will also ensure that you are aware of such cases so that you can take corrective action immediately.

Improve decision-making in your company

You will always make the right decisions for your company when you have accurate and reliable financial statements. This is because the financial statement will show your company’s correct financial state. As a result, you will avoid making the wrong financial decisions, especially regarding budgeting, expansion, cost management and investments.

All the above are why regular audits done by Brisbane’s top accounting firms are crucial. Therefore, get the best and most reputable accounting firm that will offer you these services so that you can make the most reliable financial decisions for your company.

The Guarantee Fund for Victims of Acts of Terrorism and Other Offenses (FG) was created by the law of 6 July 1990 to compensate the aforementioned victims.

There are two compensation schemes:

that of victims of acts of terrorism: bodily injury (death, injury) is fully repaired, compensation being fixed and paid by the FG in agreement with the victims (this scheme will not be studied here)the victim of other offenses: the victim or his successors (if deceased) must in this case obligatorily address the Tribunal de Grande Instance, more precisely the Commission for Compensation of Victims of Offenses (the CIVI ), a written request.

He may turn against the person responsible for the damage instead of the victim.It is said that he is subrogated in the rights of the victim.

The victim (or his successors in case of death) can be compensated under certain conditions.

The period is three years from the date of the offense, possibly extended by one year from the date of the last penal decision.If the victim or his dependents have not been able to assert their rights within the required time, if they are aggravated or for any other legitimate reason, they may ask to be removed from foreclosure.If the perpetrator is ordered to pay damages, the period starts from the date of the court’s notice, that is to say from the moment the victim is notified of the possibility of filing a complaint with the CIVI.

The victim must prove that the damage suffered is the result of facts, whether intentional or not, that are materialistic to an offense. The law therefore applies not only to willful acts, but also to the improper or negligent behavior of the offender.

In the case of an injury to property, the facts must be qualified as theft, fraud, breach of trust, extortion or destruction, degradation or deterioration of property

Moreover, the law excludes from its domain damages resulting from acts of terrorism, traffic accidents occurring on French territory, hunting acts and diseases related to asbestos

Place of the offense and nationality

If the offense has been committed on the national territory (Metropolitan France, DOM, TOM) may be compensated: persons of French nationality, nationals of a Member State of the European Community, persons of foreign nationality legally residing in France. day of the facts or the request made to the CIVI

If the offense was committed abroad, only persons of French nationality will be able to benefit from compensation

What happens if a fault of the victim can be withheld

The victim’s fault (violent or aggressive behavior, insults, etc.) may result in the exclusion or reduction of compensation and is enforceable against the rights of the deceased victim

Nature and severity of the damage

Two totally different situations arise

In the event of serious harm to the person, the victim can obtain full compensation for the damage resulting from these injuries if the events resulted in either death or a total temporary disability (TTI) of at least one month or an incapacity permanent partial (IPP), or constitute an offense of sexual assault / abuse or rape … The CIVI will deduct from the amount allocated benefits paid by social organizations, mutual insurance.

In the case of minor personal injury and material damage resulting from theft, fraud, breach of trust, extortion or the destruction, deterioration or deterioration of a property, if victim suffered bodily injury resulting in total incapacity for work of less than one month or material injury resulting from any of the above-mentioned offenses, the compensation will be subject to strict conditions and a

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Why Should You Accounting Firm for Regular Audit in Your Company in Brisbane?

The Compensation Commission for Victims of Offenses

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