Dimension Ltd is a software company providing e-commerce solutions to business. It was incorporated on 1 April 20X8 and revenue has doubled each year. Rapid expansion is expected to continue for the next few years. This growth requires heavy investment in working capital, particularly work in progress and receivables, and the company will be seeking a substantial increase in the borrowing facility from its bankers when the present facility is due for annual review in September 20X1. The increase in revenue in the year ended 31 March 20X1 has taken the company over the exemption threshold, and it is obliged to have a statutory audit for the first time. List the benefits that the company may obtain from the statutory audit.