In business, there are few things that can trump the feeling of a successful project and seeing its implementation’s effect. However, the road to victory is narrow and lined with pitfalls, beartraps, and bandits. Plenty of things can go wrong: a lack of resources and motivation from your workforce, unexpected technical issues, and ill-mannered individuals plundering from your project’s proposed budget. If you want to raise that trophy of valor and—possibly—a salary increase, you should know how to find these anomalies by using a project audit report.
It’s a given that marketing and financial skills are one of the most sought-after qualities in the business industry. From creating a budget plan to managing assets, these traits assist greatly in the success of company endeavors such as projects. In this day and age where business stagnation equates to “choosing death”, projects are well-recognized as the lifeblood of a corporation. As such, it’s in your best interest to eliminate any factor that hinders a project’s success. The fear of every entrepreneur is employee theft or fraud, and so they find ways to combat this problem—one of the mentioned methods is through daily inventory checks and audit reports. Audit reports are documents that examine the value or truth behind documents. These documents range from purchase orders, credit card history, and bank statements. The reason for the prevalence of this methodical way of finding monetary information is because of its scrupulous nature and the enforcement of checks and balances.
There are few symbols more iconic together than the trinity of sleuthing: the calabash, the deerstalker, and the magnifying glass. Does this sound familiar? Even as a fictional character, the story of Sherlock Holmes resonates through the media—and for good reason. Mr. Holmes is the hallmark of detective work as he deduces each problem from various angles, finds the most probable causes, and sticks to the evidence at hand. With that said, auditing financial transaction documents follows the same principles. To audit, after all, is find the truth among a sea of green dollar signs, so the process of contrasting and comparing the report to the given receipts and records is comparable enough to sleuthing. Perhaps combarable enough that assuming an experienec auditor is a “great financial detective” doesn’t seem like much of a stretch.
