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Today, enterprises with various organizational and legal forms and various forms of ownership have the opportunity to independently organize the production and sale of any product, choose a wage system that suits them, methods of tax and accounting, and much more.
But one should not think that the state does not exercise control over all these enterprises. Financial and economic control and statutory audits are important in such a situation.
It is customary to understand an audit as an independent audit of an enterprise to express the reliability of its accounting and financial statements.
Due to the fact that audit as a type of practical activity is an integral part of the market economy of any state, it is audit activity that plays an important role in the financial control system and conditions of a market economy.
The role of audit in the economy is so important that without it, it’s almost impossible to make the right decisions that will allow you to effectively conduct business in the future.
In a word, a timely audit will allow you to objectively evaluate the activities of the enterprise and develop the necessary action plan for its further successful development.
Retail audit companies performs several important functions at once: expert, analytical, managerial, advisory, production and informational.
Thanks to all these functions, audit, which plays the most important function in the economy, will help not only improve the financial condition of any enterprise, but also avoid various risks arising from distortion of accounting documents.
If your organization is subject to statutory audit, or you just want to get reliable information about the financial condition of your organization, then you need to resort to the help of auditors.
Finding a company, like CAC, that provides quality audit services is not easy- this job requires special care and competence, and this is why it is important to consult their experts and give a boost to your business with their auditing services.
The service for the audit of retail outlets can include both monitoring of individual parameters (for example, the availability of competitors’ products in the outlet and its retail prices), and complex monitoring of the retail network.
Retail audits, like any other type of audit, cannot be performed by internal company employees, because this leads to the risk of data corruption, presentation of the desired instead of the actual.
A retail audit allows you to build an objective picture of both consumer preferences and the approach of specific chains or stores to product display, brand orientation.
Large-scale retail audits can be combined with projects on the sensus of outlets, which will allow not only to form an idea of the situation inside outlets, but also to present an objective picture of the distribution of stores across the territory of the settlement.
The data collected in this format by retail audit companies in India provide invaluable analytical opportunities for marketers when forming a communication strategy within a community.
Also, the data obtained during the retail audit helps marketers to determine the optimal schemes for the formation of a product range for various retail chains or settlements/city districts.
Constantly updated retail audit data allow you to optimally quickly respond to changes in consumer preferences, new consumer trends, competitor activity, and the emergence of new products/brands on the market.