Auditing
Only about 1 out of 30 businesses are required to have an audit performed by a Certified Public Accountant, CPA. Some businesses have them performed because the bank from which they seek financing requires it. Other businesses seek audits because they plan to be publicly traded. Regardless of the reason, an audit can be costly.
An audit must be performed by an independent CPA — one that is not presently involved in the business in any way. Although, as your accounting/bookkeeping expert, I can’t perform the audit, I can assist you in locating an auditor who will provide this service in a professional and cost effective way, if you find your business in one of these relatively rare situations.
