Summary Valuation is the strategy of investigating and examining any part of a company, whether money related or non-tax related. Inspectors are fully trained to identify areas of required change, potential hazards and direct deceptive events in their general agility vicinity. Audits can disrupt the normal flow of business in an organization, but the ability to spot and target potential deficiencies generally outweighs any temporary revenue misfortune. The extent of the issues that audits can test include human resources approaches, operational strategies and quality or safety arrangements and, of course, audits. As data, we tend to use to assist and get the acceptable call within the company which should be consistent and reliable. On the contrary, unreliable knowledge will lead to harm and ineffective use of the company's resources, harmful and detrimental harm to the company, and will affect its higher cognitive process. To avoid unreliable data and incorrect higher cognitive processes and to confirm the accuracy of the work in line with the basics and rules, there should be what is called proof or (audit), which is handled by freelance and qualified professionals. From all this we will recognize the importance of the audit method for all companies. Within companies, auditors are required to express a clear opinion, whether or not the annual accounts offer a true view of the state of the company and its financial position. To clarify the opinion, auditors should measure the business register, examine its assets and transactions. Overall, the auditor must carry out his work with due diligence and high competence... middle of paper... ...important for auditors to carry out their duties effectively. Furthermore, the Code of Professional Conduct for Auditors plays a significant role in enhancing the confidence of users of financial statements in ensuring the reliability of financial statements. The company should have an effective and adequate control system, to ensure the effective implementation of the business strategy and effective operations and to ensure compliance with laws and instructions, provide adequate financial reporting and avoid any fraud and conduct incorrect. Fraud requires three elements, bad ethics, opportunity and necessity. In the Enron case these three elements were available and the first was the bad ethics on the part of the top management, and the second the opportunity as they had a weak internal control system and an external auditor who helped them cover up this fraud.Reference