Auditors to Increase Your Financial Credibility

Accounting, finance and audit.  The article is written from the view of internal audit committee but the advice and takeaways hold true for the small business using external auditors for the role.

Excerpt: The key is communication on all sides in order to understand risks and decisions that are being recommended and approved, including with board members who are not financially oriented. Don’t wait until a meeting to communicate what is happening. The decision-making processes should be transparent, with no surprises. If you encounter dissent, it should be noted and discussed thoroughly at approval time, whether it’s from auditors or audit committee members

Read full article via How to build and run an effective audit committee to increase your financial credibility | Smart Business.

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1 Comment

Filed under Accounting, Bookkeeping, GAAP, IFRS, Small Business

One response to “Auditors to Increase Your Financial Credibility

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