A lot of people become intimidated when they hear the words “Financial Statement Audit”. What most do not know is that the audit can be streamlined in such a way that it becomes an easy process.
The financial statement audit is important because it provides a verification of your financial statements from an independent third party source. When you have a financial statement audit, it starts to build your history and reputation, and the findings of the audit can be presented to banks and investors to help secure important deals in the future. It should be taken seriously.
Learn more about the initial financial statement audit and how to prepare for it in this podcast: