The process of freight audit refers to the inspection and checks of freight operations. It covers all the documentation processes of the freight functions, including billings, financial books, invoices, and records of freight contracts and service agreements. The role of the audit is to inspect all the working to assure there is no error in any duties. They confirm that every process is in order, so there are no objections that can bring revenue loss or expose the freight operations to monetary and regulatory risks. One of the prime functions of the audit is to check, adjust, and verify the authenticity of the freight bills.
The audit helps the companies to keep track of their spending and to fix or rectify any errors they find out through audit reports. Due to the importance of the audit, these are a routine system in all freight companies.