Whenever we hear the word ‘Bad Debt’ it leaves scary footprints in our mind. A business involves itself into multiple financial transactions in a single day. The term ‘Bad Debt’ is used when the business organization loses all its hope and is unable to recover the necessary amount for the service it provides. As stated by Robert Kiyosaki, “Good debt is a powerful tool but a bad debt can kill you.” On the business front, good debt increases and strengthens business relations whereas bad debt can completely change the game.
A smooth-running internal audit function is a strategic imperative for corporate and public sector organizations. At JAXA, we offer interim and full time internal audit We assess the internal control structures, ensure compliance with laws and regulations and confirm adherence to operational procedures.