Financial Audits —Transparency and Peace of Mind
Places like Seattle are known for their business and bustling economy. An independent body conducts audits. It is a yearly inspection to ensure that all the records of a particular company or business are in check. It can include a thorough inspection of your financial statements, cash flow, etc. Auditors can either be hired internally or externally. Generally Accepted Auditing Standards (GAAS) are the bodies that external auditors follow. There is a need for an audit to ensure that the claims made by the business owners about their positions are truthful. It also ensures that the company is following the…
