What is an audit and why would I need one?
Audits involve a thorough examination of a company’s financial statements and they provide valuable information about a business. Oftentimes, businesses conduct audits to determine areas of their business that can be improved. Audits can help identify issues with operational efficiency and internal controls as well as find errors in the books and records. Financial audits help business owners fully understand how their business operates, spends money, and takes on risk. This understanding is critical to the success of any business, regardless of its size. Whether or not a small business should conduct a financial audit depends on a number of factors. The...
July 27, 2022
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