As a business owner, you juggle dozens of responsibilities. Sometimes, it feels like hundreds. Finding available resources—money and time—for a new expense is difficult.
However, every growing business must seriously consider investing the time and money required for an annual audit of the company financial statements. An audit performed by a CPA firm can help you work more efficiently, protect your company from employee theft, and will increase the accuracy of your accounting records.
This discussion defines an audit, explains the differences between types of audits, and reviews why this process is critically important for your business.