he may want an audit anyways to make sure the financial statement are accurate and to make sure that the business can repay the loan. Buach would not want the business to not be able to pay the loan due to poor management decisions or unexpected competition in the market . Also provide assurance of financial information used for decision making. The audit may detect errors or fracd, and provide management information about effectiveness of controls. In addition, the audit may result in recommendations to management that will improve efficiency or effectiveness.