Q why do we need audit ?a to stop wastage and pilferage, Misappropriation of cash you one must rely on independent agency who will alarm the managment for timely action, Otherwise the financial loss can drag company 3, 4 year back. To improve efficiency and cost control one must implement audit in their core decision making function . 90 % smes are not utilising their entrepreneuier strength since they are busy in clerical work not in business growth. Audit will reveal the scope and oppertunity for the same and will ensure your existance in this hard core competetive digital market.