It might be time for your company to have an audit, but
do you know why? Karen Stern, Partner in Charge of
the Entrepreneurial Services Group, discusses the questions to ask,
as well as your options in lieu of an audit, in
this month's "Financial Fitness," as featured in
Small Business Monthly.
Why is your company requesting an audit? Many businesses
approach accounting firms for an audit without an understanding of
what an audit can, or will, do for them. An audit is not designed
to detect fraud or provide assurance on financial statements
outside the audit period, but there are plenty of instances in
which an audit can benefit your business.
Whether you're satisfying a compliance requirement or
focusing on improving your business, a full-service audit approach
can meet your business needs. An audit can be performed for a
variety of reasons. It offers assurance to your interested parties,
is frequently needed to meet regulatory requirements and may be
required by
