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  • Decree 31/2021/ND-CP detailing and guiding the implementation of the Investment Law 2020
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  • Importance of "Proper Understanding of Definitions"
  • Circular 06/2019/TT-NHNN guiding foreign exchange management for foreign direct investment activities in Vietnam
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  • Internal audit helps relieve accounting pressure

Internal audit helps relieve accounting pressure

Category
  • Pressure in accounting profession
  • How to overcome the pressure
  • Internal audit: the rescue for the accountant profession

It is often said that “one inch wrong, one mile wrong”, so even a small mistake during the process can lead to errors that are hard to fix. For an accountant, any mistake can have a significant impact on the business. Therefore, accountants are extremely meticulous, cautious and focus all their productivity on the work they are doing. Internal audit helps to solve all of the above problems.

Pressure in accounting profession #

Accounting is a job that requires the profession to be very careful and meticulous, even a small mistake related to the signature also makes the accountant fined and a lot of money. This work requires thinking, working in environments that require absolute precision, tables and large revenue statistically.

The job looks easy on the outside, but in fact requires the accountant to constantly think, carefully and accurately every detail. So many accountants often suffer from stress diseases, diseases of the office workers and especially diseases related to headaches and migraines.

Accountants even become difficult due to the stressful nature of work and need a lot of carefulness and detail, so they are sometimes irritable and bring things home from work. People around the accountants also feel uncomfortable.

Accountants are heavy duty, because the job and position you are holding are very important to an organization, business, accountant is a good guarantee of all revenue and expenditure plans, who is concerned about the financial and banking situation of the company, tax accountant, agency ... Just a small gap can lead to outstanding debts, the first person suffers the consequences of mistakes. accountant, but the first person to announce the award is not necessarily an accountant.

How to overcome the pressure #

The Best, Always learn the accounting around you, learn from books, newspapers, television, internet: Accounting information is always available and there is always progress in work, you will receive love and will accumulate knowledge. wake yourself up. The increase in knowledge discovery makes the actual accountant easy to work and learn.

Monday, To overcome the pressure, the accountant must always be confident. After that, practice from simple to complex things, repeating the basic to complex, always master the profession and improve professional knowledge. Accounting profession requires a lot of experience, workers in the first years often struggle to find opportunities, however, when the accountant is persistent, the first time will pass and the opportunities of the accountant will grow. years of experience.

The ba, Whether to overcome the pressure in the accounting profession is based on many factors, one of which is the love of the job and sticking to the profession. First of all, accountants always have to understand what their strengths are, whether after working as an accountant, is it suitable for someone who is courteous, likes to travel, likes to explore and is not careful and meticulous?

But with the constant change in legal documents, the global integration forced the application of new accounting policies, the increasing requirements of business owners and the transparency of information from the financial institutions. third party, has made the above solutions not very helpful for accountants. In the face of such pressures, internal audit has become a lifeline for the accounting profession.

Internal audit: the rescue for the accountant profession #

An internal audit is an independent, objective assurance and advisory activity designed to add value and improve an organization's operations. Internal audit helps an organization achieve its goals by adopting a principled and systematic approach to assess and improve the effectiveness of its risk management, control and control processes. governance.

Based on that goal, internal audit helps accountants review, detect, and objectively advise risks and errors in terms of system and compliance. Becoming a companion helps to effectively relieve all pressure of accounting.

The accountant can trust in doing the work he does, and the figures and financial information presented in the financial statements have been reviewed by internal auditors. Quickly give appropriate solutions and advice to help the accountant orient to solve their existing problems.

Internal audit is performed by a board of supervisors established by the enterprise, or using internal audit services provided by auditing companies. In any form, internal audit, in addition to becoming a "lifesaver" for accountants, also helps to build the control system of the business operating on target, complying with and minimizing risks. hit yes. Help business owners achieve the goals of building shareholder and third-party trust in the company, flexibility in operations, cost efficiency and increase profitability, and maintain business growth. Karma.

Thus, the quick use of internal audit will help to achieve a marked efficiency for accounting in particular as well as managing other goals in general of the business. At the same time, it will promote the sustainable and stable growth of enterprises in the current economic integration period.

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Updated on 4 July, 2022
Transfer pricing: Vietnamese enterprises are careful to collect tax arrears

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  • Internal audit: the rescue for the accountant profession
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