The Role Of Auditing In Enhancing Financial Transparency In Small Businesses

Abstract

The influence of auditing procedures on small businesses, the difficulties these companies encounter in implementing routine audits, and the relative merits of internal and external auditing in fostering financial transparency are all examined in this study. According to the report, small businesses frequently ignore auditing, despite the fact that it is essential for corporate management. This leaves them more susceptible to fraud and even business failure.