Frequetly Asked Questions
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Here are a list of some frequently asked questions by our clients. If you don’t find the answer you seek, please feel free to contact us.
Auditing is important as it ensures the business’s financial records are accurate and in accordance with applicable rules (including accepted accounting standards), regulations, and laws. It is a process performed by the auditors to analyze the correctness of the business’s financial records.
A company can have auditors as an employee, which is called an internal auditor. But Law demands that companies have to verify their financial statements from external auditor to ensure all the statements are in accordance with the law, public companies have to verify their financial statements from an external auditor. An internal auditor is responsible to examine the internal records and help to improve internal processes such as operations, internal controls, risk management, and governance.
Auditing is very important and investing in the Auditing service is always fruitful for the business. Experience of Auditor matters as well because with his/her innovative auditing services, he/she can help you in finding the important account issues quickly which directly helps you in finding the weak point.
Your company or Group should meet 2 of the requirements below to be required to pass annual mandatory audit and publish audited annual financial statements or should be public interest entity.
- Total amount of the assets is more than 2 bln AMD;
- Total revenue more than 4 bln AMD;
- Have more than 100 employees.
If you are starting a small business, there is no shortage of advice on the steps you should take: registering your business name, getting a Tax ID, deciding on a business structure and applying for the needed permits and licenses. While these are all very important steps to take, a business plan will be central to how you start, grow and develop your business.
Here are 3 reasons why you need a business plan:
- It will help you steer your business as you start and grow.
Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business.
- It will help you to reach business milestones.
A well-thought-out business plan helps you to step back and think objectively about the key elements of your business and informs your decision making as you move forward.
- It can help you get funding.
Business plans can help you get funding or bring on new business partners. Having one in place will help investors feel confident that they will see a return on their investment.
Registering your business is the PRIMARY task that anyone wishing to call themselves an entrepreneur must do!
It gives You a legal right to conduct business.
All unregistered businesses are illegal!
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Here a re a list of some frequently asked questions by our clients. if you don’t find the answer you seek, please feel free to contact us.
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