Audited Financials - by Ravi Patel

 

As Entrepreneurs grow their businesses, accurate financials become quite important. Not only are timely financials required for monitoring performance and the financial health of the company, but also are necessary for external parties. An audit reveals the strength of your internal controls and accuracy of your statements.

 

As capital needs grow, Entrepreneurs need to reach out to bankers and equity and debt sources to raise funds. Having “audited” financials if often a requirement. If Entrepreneurs are contemplating any M&A or exit strategy, audited financials for at least three years are mandatory.

 

Entrepreneurs might want to think about having their financials audited if they do not have already done so. Choosing the right firm to audit your financial statements is equally important.

 

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