🛡️AUDITS

Definition

1. Compliance

Obviously this is one of the main reasons BOND FINANCE conduct an audit: to meet the statutory requirements and regulations in CRYPTO industry. An audit provides complete peace of mind for US BOND FINANCE DEVs and shareholders/investors that BOND FINANCE is 100% compliant with all of its current statutory obligations.

Non-compliance runs the risk of incurring heavy fines, loss of investors and a tarnished reputation – damage that far outweighs the cost and any minimal, temporary inconvenience that may be caused by an audit.

2. Business Improvements / System Improvements

A thorough, in-depth audit takes an impartial look at BOND FINANCE internal systems and controls. This means it’s an ideal opportunity for the auditing experts to suggest improvements that can make BOND FINANCE more efficient. Ways to improve internal controls, business systems, accounting practises, efficiencies, governance and culture can all be identified through the audit process.

3. Credibility

BOND FINANCE audit provides independent verification that the financial statements/contracts are a true and safe for investments. This provides invaluable credibility and confidence to your BOND FINANCE investors/stakeholders, investors or lenders and even potential buyers. It is confirmation that financially everything is as it appears to be.

4. Detect and Prevent Fraud

It’s estimated that up to 30% of crypto are subject to fraud, error and corruption. [luna being recent] Workplace fraud can occur for years without being detected and can be so substantial that some businesses never recover financially or repair their reputations.

BOND FINANCE audit will be an effective tool for identifying fraud and opportunities to commit fraud. Experienced auditors are skilled at pinpointing weaknesses in BOND FINANCE systems and controls and suggesting ways to strengthen these to prevent fraud occurring.

5. Better Planning and Budgeting

BOND FINANCE audit confirms the accuracy of an organisation’s financial statements /safe contracts by analyzing its financial transactions. It’s a detailed process and can result in certain types of income, expenditure, assets and liabilities being scrutinized. This critical examination, coupled with the auditor’s financial expertise, will then be used by BOND FINANCE for better financial planning, budgeting and financial decision-making for the future.