Advantages and disadvantages of audit control

Advantages of auditing: Strengthening auditing is the need to build a socialist market economy and strengthen the construction of socialist legalization. Modern enterprise system audit requires review, analysis and evaluation of the internal control system of the enterprise. Modern enterprise internal control system is composed of various internal controls in modern enterprises, which can be defined as follows: modern enterprises make use of the constraints and interrelationships arising from the division of labor among the leaders, functional departments and employees within the enterprise when dealing with various businesses to formulate a series of methods, measures, formalities and procedures that have the function of controlling, and to standardize and systematize them. And to be standardized, systematized by the formation of the constraints.

Disadvantages of auditing: There is a risk that the enterprise may fall into the financial and tax loopholes.