Internal Business Audits & IRS Audits

If you’re a business owner or executive whose firm is currently under a business tax audit, or, have not completed an internal financial audit recently, then you will want to pay close attention…

Whether internal or currently being audited by the IRS, I have helped hundreds of local business owners, executives of firms, non-profits, and government contractors complete audits – painlessly. 

Here’s how I can help you with your business audits and the IRS: 

• Limit & Control Your Business Risk & Exposure  
• Defend Against IRS Audits 
• Conduct An Internal Business Audit (All with me!)

By definition, audit documentation is the written record of the basis for the auditor’s conclusion that provides the support for the auditor’s representations, whether those representations are contained in the auditor’s reports or otherwise. Audit documentation may also be referred to as work papers or working papers. Whatever the definition, just the word ‘audit’ can be scary. 

Can’t think of a way “out of the audit mess” when it comes to your business financials? Your local expert is here to help.

Staring at a business financial audit notice from the IRS? Don’t delay. This is exactly where I jump in.

Business financial misstatements could cost you a ton. Managing accounting services and bookkeeping processes can be the life or death of your business from an IRS audit or investor/lender perspective. 

Here is my 7-step business & IRS financial audit process: 

1. Immediately Identify the Audit Areas
2. Set An Auditing Schedule
3. Notify Relevant Departments Of Audit
4. Speak directly with your IRS Auditor 
5. Complete Interviews & Analysis
6. Review & Deliver Audit Results to You First
7. Submit & Clear the Audit Quickly

Whether your business is thriving or surviving, accounting and bookkeeping audits happen and only successful audits allow businesses to continue to operate. I make that happen… 

That’s why it’s imperative that you conduct a routine internal business financial audit process from time to time on your business…so that you keep your business compliant, your financials accurate, and up-to-date. Don’t let unreported income or overstated expenses trigger an audit or make the audit process worse. Let me ferret out the issues quickly.

Here are the “tools” auditors and I use to gather evidence: 

• Analytical Analysis – Compare what’s expected to be on the books versus what’s actually on the books. 
• Confirmations – Gather independent verifications that support the company’s assertions.
• Record Inspections – Request relevant documents in support of the company’s assertions.
• Observation – Watch employees fulfill job responsibilities to understand how the job gets done. 
• Recalculation – Verify that the math in the financial statements (or other financial documents) is correct. 
• Reperformance – Complete the business accounting and bookkeeping for the company to make sure all rules, regulations, and laws are being followed. 
• Scanning – Review general ledger or other business accounting reports to verify accuracy. 
• Review – Verify that all assets on the company’s balance sheet exist. 

If you’re preparing for investors to invest or lenders to lend, then you need my expert internal financial audit to fulfill your duties as a business owner — and increase your chances of investors and/or lenders committing to your company. 

And this is why as your Expert Auditor & Master Accountant along with my In-House CPA, I’m crucial to the financial success of your business. 

As your Top Rated® Local Expert Auditor, & Master Virtual Business Accountant, I deliver the objectivity necessary when Audits are conducted delivering the Audited reports and documents on time. 

Let me help you complete a third-party internal business financial audit, as well as assist your business when under an IRS audit.

Know where your business financials stand, right now.

What Is A Third-Party Financial Business Audit? 

An internal financial audit process investigates internal business financials (and other information) through a third party so that there is no bias for or against the company or, misappropriation of funds. 

The goal of this internal business audit is to make sure that your business is accurately tracking and reporting financials, as well as operating within regulatory laws and compliance, including corporate governance as it relates to managing accounting processes. These internal controls determine whether or not a business is financially succeeding.   

What’s more, a third-party business financial audit is required (and highly encouraged) if you plan to bring on investors or attract partners to your business, boardroom, or company/firm. 

Lenders also dig into your financials to determine the risk against providing loans and other financial support. 

Finally, routine internal business financial audits are a best practice to defend against IRS audits. 

Certain revenue and income thresholds can trigger IRS financial audits, as well as inconsistent tax filings…which means if your business financials are not spot-on accurate, then you could be setting yourself up for an IRS audit—potentially costing you your business.  Don’t let this happen.

If you’re struggling to “keep up” with your financials… or simply don’t have the time or acumen to manage them, then it’s time to trust your Expert Outsourced Bookkeeper, Master Auditor, and In-House CPA/Business Accountant all under one roof. 

I can help you complete a third-party internal business financial audit process, as well as assist in defending your business against IRS audits.  I am the auditor your business needs.

Know where your business financials stand, right now. Let me audit your Business and save you a ton. 

Don’t let the IRS or the fear of NOT conducting a business review stand in your way.  Let an expert handle your comprehensive audit, today.  I’ll save you and your business.

What My Clients Are Saying About Me

Why Should You Trust Me?

I’m your 15+ year experienced Master Virtual Bookkeeper & Expert Outsourced Accountant. I help Owners & Top Executives of businesses & firms doing $200K – $75M+ in annual revenue bring back years of financials current.  Re-creating & Reconstructing financials where necessary.  

Over the years, I’ve helped hundreds of businesses across dozens of industries. 

When you choose me, you work with The Top Rated Local® Master Bookkeeper & Expert Accountant in Maryland, N. Virginia, DC, and Delaware. 

No more working with mass, out of touch call centers that aren’t invested in you or your business’s success. I am. 

I act as your local, online Master Bookkeeper, Accountant AND tax & accounting department.
All in one!      

Getting Audited-Who Do I Help?

Business Owners, Executives & Non Profits

Business & IRS Audits assistance for single and multiple business entities, executives of firms & non-profits servicing every industry:

How Do You Work With Me?

Serving Top Owners & Executives in Maryland, Virginia, DC, Delaware and ALL surrounding areas.

*All tax consulting, preparation and filing conducted via Rescue Business Tax Services, LLC and can only be performed by a licensed CPA.