What is the Professional Business Audit and its benefits?
Professional Business Audit (PBA) is an integrated approach to collect the information, facts, records, for analysis and simulation of the various segments and departments of business and provide the appropriate solution to improve the efficiency and quality of business. Professional Business audit (PBA is efficient and very important for professional business growth. As a business owner, you run into a lot of responsibility. Sometimes, it sounds like hundreds and more. Finding available resources - money and time - for new expenses is difficult without the professional business audit approach.
What is the difference between business audit and Tax Audit
It is unfortunate for every businessman that they include the tax audit in their business cycles in a professional and organised way but most probably they do not involve the business audit.
We can understand the business audit and tax audit by following points:-
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Business Audit(Primary) |
Tax/Finance Audit(Secondary |
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This is the primary & necessary audit for professional business operation |
This is the secondary audit for government rules and regulations |
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This is a play the big role to increase the profit |
This is the decrease the profit |
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This the short term and long term assets |
This is a always liabilities on a business |
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This is provide the brand value in the market |
This is provide a legal validation in the market |
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This reduce the overall stress, strain and pain of business |
This is the increase the hurdle to manage the tax |
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This audit give the happiness |
This audit give the indirect tension |
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This is optional but primary |
This is secondary but mandatory |
There are hundred benefits for business audits which directly and proportionally increase the efficiency, quality and profit of the business.
In my doctrine of business audit , it is very clear that businessmen , startups , founders and directors should understand the priority of audit. As i illustrate above that Business Audit is primary and Tax/Financial audit is the secondary.
Business Audit Elements and Segments
Business audit is the process to check every element of business and analyze them to make an efficient and qualitative business for maximum benefits.
Here i am going to mention main elements and parts of business audit
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Business idea iteration,validation, optimisation and audit
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Business plan iteration, validation , optimisation and audit
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Business product iteration, validation , optimisation and audit
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Business Services iteration, validation , optimisation and audit
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Business Marketing iteration, validation , optimisation and audit
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Business Sales iteration, validation , optimisation and audit
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Business Human Resources iteration, validation , optimisation and audit
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Business IPR iteration, validation , optimisation and audit
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Business Legal iteration, validation , optimisation and audit
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Business digital infrastructure (Software, App, Website) iteration, validation , optimisation and audit
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Business government role iteration, validation , optimisation and audit
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Business Plant iteration, validation , optimisation and audit
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Business Machinery iteration, validation , optimisation and audit
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Business electricity iteration, validation , optimisation and audit
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Business documents and certificates iteration, validation , optimisation and audit
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Business Opportunities iteration, validation , optimisation and audit
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Business Challenges iteration, validation , optimisation and audit
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Business Accounting iteration, validation , optimisation and audit
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Business Finance iteration, validation , optimisation and audit
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Business Taxation iteration, validation , optimisation and audit
These are the most important segments of any type of business and according to many research and doctrine these segments and departments should be very strong for long term business success.
Bottom Line
For startups, MSME and businesses, Professional Business Audit (PBA) is the primary weapon for business success, if you want the Professional Business Audit (PBA) ,let The Legal Bank & Zumosun help you organise your business or company so your business can grow faster and make more accurate decisions. Save time and plan for the future of your business.Visit us on Zumosun or TheLegalBank or contact on 9116098980/9119112929
