IN today's dynamic era, access to reliable financing is crucial for the growth and sustainability of small and medium enterprises . Although many financing companies offer to provide necessary funds to these businesses, the credibility of the financing companies remains one of the challenges faced by SMEs.In the sector-level mapping conducted by the Microfinance Council of the Philippines Inc.
Internal auditors ensure that loan agreement, disclosure statements and advertising materials contain adequate and non-misleading information to protect the customers from deceptive practices such as excessive fees and hidden charges that could severely impact their cash flows.Improving operational efficiency.
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