Companies Act 2013 of Malawi requires that Limited companies be audited. For other users such as investors and capital markets to have assurance in the financial statements of your business then KB Accounting Services Audit professionals should work on it.
For non-profit organisation, audit is one of the activity needed to gain donor confidence and for renewing membership with other boards, i.e. the NGO board of Malawi.
Why? Much as financial reports or financial statements of a business/organisation can be prepared by any accountant, chances are high that the reports contain misstatements. Most of the times, transactions are treated contrary to the International Accounting Standards and Generally Accepted Accounting Principles. Contrary, our audits are done by professional qualified individuals hence donors and other external bodies prefer to use audited financial statements since they are reliable.