Audit Preparation Checklist
1. Financial Records 2. Documentation 3. Tax & Compliance 4. Internal Alignment 5. Systems & Access 6. Audit Scope Clarity
What Good Bookkeeping Should Look Like
Bookkeeping is frequently viewed as an administrative function. Something that happens in the background to keep records current and ensure tax deadlines are met, and while there is truth in that, it is also an incomplete view. At Ritterband & Co., we often see businesses invest heavily in growth while giving far less attention to […]
When does a business or organization need an audit?
Many organizations associate audits with large corporations or regulatory investigations, however, audits are a routine and important part of financial governance for many businesses and nonprofit organizations. As companies grow and financial oversight becomes more important to stakeholders, lenders, boards, and investors, an independent review of financial statements often becomes necessary. Understanding when an audit […]
Why audit preparation starts earlier than most people think
Most organizations only start thinking about an audit when they’re told they need one. A lender asks for it.A board requires it.An investor expects it. Suddenly, it becomes urgent, but in reality, the difference between a smooth audit and a stressful one has very little to do with complexity, and almost everything to do with […]