When you hear the term audit, you may immediately think of a team of IRS officers rummaging through your files looking for discrepancies and errors in your business's tax returns. However, financial ...
The purpose of a finance audit is threefold. First is to confirm that procedures are in place to govern a business to obtain optimum profit levels. Second is to verify compliance with all applicable ...
Your tax return could trigger an IRS audit if you're missing key tax forms, experts say. Here's a checklist of forms and when to expect them.
Belinda Aisbett, director of Super Sphere, said proper documentation, up-to-date engagement letters, signed financials, sufficient audit evidence, and clear audit files are critical. Speaking at the ...