by Joanna Boroń

business law, Finance7 April 20250 comments

When is it worth to have an accounting audit in a company?

Maintaining reliable accounting is the foundation of any company’s financial stability. However, even the best-managed companies can encounter accounting errors, inaccuracies in documentation or problems with tax settlements. In such situations, an accounting audit is an invaluable tool to verify the compliance of a company’s finances with applicable laws and internal regulations.

When is an accounting audit worthwhile?

An accounting audit is not only an obligation for some entities, but also an excellent preventive tool for companies that want to avoid potential problems. It is worth ordering one in particular when:
✅ A tax or fiscal audit is imminent – an earlier review of your books allows you to detect and correct any errors before the office visits.
✅ You notice discrepancies in financial statements – for example, differences between revenues and account balances.
✅ You are planning to sell your company, a merger or acquisition – a sound analysis of your finances increases the credibility of your company in the eyes of investors.
✅ You have liquidity problems – an audit allows you to identify the causes of difficulties and prevent further losses.
✅ You want to check the reliability of the accounting firm or accounting department – especially if you suspect errors in billing.
✅ The company is growing rapidly or changing structure – with the rapid growth of the company, it is worth making sure that the accounting system is working properly.

What irregularities can an accounting audit reveal?

An audit can help detect, among other things:
❌ Errors in accounting and classification of costs and revenues.
❌ Incorrectly calculated taxes (VAT, CIT, PIT).
❌ Discrepancies between accounting documents and actual cash balances.
❌ Deficiencies in financial records, such as missing invoices or erroneously issued documents.
❌ Inaccuracies in salaries and Social Security contributions.
❌ Liabilities that have not been recorded in the books.

What should result from an accounting audit?

As a result of the audit, the entrepreneur receives a detailed report including:
📌 A list of detected inconsistencies and errors.
📌 Recommendations for their correction and further bookkeeping.
📌 Suggestions for tax and financial optimization.
📌 Tips for minimizing tax and accounting risks.

With this information, the company can implement corrective actions, avoid financial sanctions and improve the transparency of its finances.

To whom should you outsource your accounting audit?

The audit should be conducted by independent professionals who have experience in accounting, taxation and financial law. It can be outsourced to:
✔ A law and accounting firm – provides comprehensive services and legal recommendations.
✔ Certified auditors – required, for example, for statutory audits of financial statements.
✔ External tax advisors – when there are doubts about tax optimization.

Contact us to schedule an accounting audit

Joanna Boroń

Email: jboron@kbzlegal.pl
Phone: +48 32 202 42 97
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