Dealing with financial audits and reviews may not be the most exciting part of running a business, but each of these accounting engagements can bring considerable value to management. Whether you are a business owner or an external stakeholder, getting reliable, accurate and meaningful financial information is critical to your ability to protect your investment and maximize the value of your company. Many business owners view a third party audit or review as a necessary evil – something that banks and investors require that brings little value to your actual business operations. In fact, businesses that aren’t required to have an annual audit or review sometimes go years without having a qualified outside party take a critical look at their financials, procedures and policies. Whether or not an independent audit or review is a requirement for your business, any well-run business can benefit greatly from having a qualified CPA take an unbiased look at their financials and operations on a periodic basis. Getting the right service from the right advisor provides business owners and managers with peace of mind and confidence in their financial information, as well as the ability to extract valuable management information from trends, benchmarks and key performance indicators that can empower managerial decisions that lead to sustained organization performance.

Why are audits and reviews important?

Audits and reviews are important tools for any business. Audits and reviews can provide credibility to vested third parties that your financials are accurate as presented... Read More