Digital Signatures in Auditing – A Step Forward to Tech World

Time saving and cost efficient decisions are taken by the large organizations as well as people who want to do progress in life ahead.

One cannot jump into such an endeavor with a leap of faith; instead it requires wise decision and some trustworthy assistance to digitize your tasks. People are worried by the security issues we have in this world now; we need assurance in everything we do in our life.

Digital Signatures have made the life of an individual easy as well as comfortable. These are the electronic form of signatures generated by the scanning of original hand-written manual signatures. One of the best rationales for opting this technology is that it is totally effort less as well as time efficient in nature.

These signatures play the role of a supporter when we are busy in our hectic routine of work. These signatures are always with you to finalize important contracts at any time. Now, your subordinates do not have to visit your office or wait for your manual signatures. They can send you files through mail from any corner of the world and need to stay for just a few seconds to get them signed.

Digital Signatures are practically applicable in every field. They give you a personal distinction and help you to set a diverse identity for yourself. These carry legality and they can be challenged in court as the manual ones. Besides, digital signatures are very useful as they save the cost of paper, pens and inks, help in keeping your records in the hardware of your computer. So, they are a totally win-win option, both for an individual and organization.

Auditing is a phenomenon used to prove the authenticity of financial records. It ensures the accuracy and reliability of transactions. This process is helpful in the verification of all legislative requirements. This system prevents the occurrence of errors. It detects and puts a full stop on fraud cruelty. Auditing checks the under or over-valuation of stock. Ever since the inception of digital signatures in auditing field, it has proven highly useful.

Auditing plays the role of an asset in the existence of a firm, which can cause harm to its survival if the financial records carry errors or flaws in it. The annual auditing process can be transformed to a 3-month or 6-month auditing program; no doubt online digital signatures can prove very helpful in certain ways, like:

• Checking the authenticity or legality of annual statements;

• Full compilation of auditor’s report can be done without the visits of auditing teams;

• Auditing team can check the financial statements via email or other software while staying in their place in any corner of the world;

• The auditor can give a clearance signal to the firm with an efficient auditor’s report written upon the reputation as well as clear financial record of a company;

• Both concerned parties can be certain of the fact that documents haven’t been tempered or changed on the way.

So, everyone should employ this technology in auditing and associated signing to put a step forward in technology oriented world.