Unless you're in a big Fortune 500 company, you probably equate the word "audit" with a letter from the IRS. However, accounting audits can be a valuable tool for any size business. To keep your business healthy, consider conducting an internal audit at the following times.
Recently, the Financial Accounting Standards Board (FASB) proposed updates to the Disclosure Framework redefining.
Topics: IRS, accounting tips, internal audit
The IRS keeps the exact criteria it uses for auditing select business tax returns a secret. The audit process includes.
Many companies make internal auditing a regular part of doing business. Some maintain a full-time internal auditing.
