Do You Need an Audit for Your Financial Statements?

by | Jan 24, 2019 | Accounting

What is an audit?

This is a review of your books. An accounting firm that offers services like the audit of financial statements in Orange County have licensed and certified accountants to look over your records. They check for discrepancies and errors.

Why do you need one?

Hiring the services of an accounting firm in Orange County to perform an audit of financial statements helps ensure the accuracy of your records. If there’s anything that doesn’t match up, they have the expertise and training to pinpoint what’s wrong and to fix them, the Houston Chronicle says. That’s why annual audits are done. They provide you with peace of mind. Knowing that expert accountants are checking your records to make sure everything is in order, you’ll know if your records are on track, if your business is turning a profit and if you can trust your staff.

How do you find one?

Look for reputable companies. The last thing you want is to have a dodgy third-party company come in and look over your accounts. Keep in mind that you’re giving access to confidential information. You want to make sure you have an accounting firm you can trust.

What do you look for?

Consider experience. That always matters. A firm that’s been in the business for years likely has the team, knowledge and contacts to provide the help and services you need. After that, you’ll want to think about whether you and the firm are a good match. Is the firm attentive to your needs? Do you receive prompt replies to your calls or texts? If that’s not the case, then you’ll be better off looking elsewhere for help.

Enjoy peace of mind. Make sure your records are error-free. Look for a trustworthy accounting firm in the area and ask about their review services.

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