Audit Tale

At best, a Spot Audit can merely be a minor inconvenience – a routine checkup that only ensures your financial records and reporting are managed and maintained as they should be. Once the auditor reviews your books with satisfaction, they leave and you continue business as usual in as little as a few hours. On the other hand, the simple notice of a Spot Audit can send the auditee in to a panic with reasonable fear that their livelihood is in jeopardy. In this case, the auditor usually finds “things of concern” and can end up extending the auditing process for months, turning a routine visit in to an investigative and punitive process – and at worse, your trust account is frozen by the Law So

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