1. Reduce risks & detects frauds No matter how well you know the sector of your business, you cannot always anticipate the potential risks related to

Mathematical errors, outlier figures and dubious expense categories are common reasons for tax audits of small and midsize businesses. The IRS conducts two types of

Some of the benefits of a financial audit include: Enhanced quality of the financial statementsThird parties, such as banks, investors, private equity groups, insurance companies,

An audited financial statement includes the following information: CPA verification. Even if you meticulously track all your company’s spending and earning, you might make errors.

Precisely over the years, there are four primary types of financial statements that may merit auditing: Balance sheet. A balance sheet details your company’s total

Applying for business funding, lenders and investors want to be sure they won’t lose money on the opportunities you present; that’s why you brought detailed