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Perhaps you might be thinking what charted accountancy have to do with the Nation Building , well in fact charted accountancy has a deep relation with the nation building . For example a country where there is no concept of charted accountancy and where there is no audit for budget usage then I don’t think such country will have some rules and regulations in investing the budget .In fact Audit is one of the main department which give you the right direction , if there will be no audit then definetly there will be corruption and this corruption will hollow the backbone of country .

For every organization to run successfully there is a need of annual audit which can point the organization’s accounts mistakes and to structure the accounts finance related issues, normally this job is done by the chartered accountant. In every organization there is a flow of payments and perhaps a person who deal with such payments in not a classified accountant but an ordinary accountant who sometime make a mistake in accounts and don’t know how to restore it .

For this a special audit is called by the organization to restore all the files and to restore all the accounts so that company can clear all the budget and allocate new budget . In the same way there is a need of classified Tax Accountant to restore all the things and to make everything up to the mark .

Normally audit is called once in an year , perhaps at the end of budged so that they can check and clear all the previous accounts records , large companies keep their own professionals working for their organization while small companies heir Audit Services from some other resources to clear all accounts issues .

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