This comic reveals the sad truth. The fact that audit is required of small companies results in certification of obvious things which may be irritating to decision makers of such companies.  On the other hand, audit of a small company is useful. Most probably, such small companies would not have impairment write-downs for receivables or inventories, impaired fixed assets or large provisions for retirement benefits but they will have income tax ? it is only auditors that are to verify if tax calculations of such small companies are right. We bet that the CEO and the accountant can have a good night?s sleep if they know that someone has checked the calculations in a traditional way or online before the IRS does that.