Here are two of the biggest steps you can take to handle an audit with confidence and comfort.
If preparing for your upcoming audit seems daunting, you’re not alone. Many of us feel a sense of dread at fiscal year-end. And Smith Marion & Co. knows that nobody likes to be audited. The complicated, ever-changing nature of audits can leave people feeling under-prepared and overwhelmed. And an auditor who makes you feel confused or undervalued only worsens the already unwelcoming process.
Instead of compiling a lengthy list of best practices to get you through a successful audit, the SMCo team has provided our top 2 best tips to help you have a smooth audit. Here are two of the biggest steps you can take to go into an audit feeling comfortable and confident:
Have updated, accurate, and organized records
Have knowledgeable staff members present
This list will hopefully help you feel better prepared for next audit. Keep in mind that with SMCo, our technology and expertise simplify the auditing process, as we have a dedicated audit staff available year-round to help educate, prepare, and assist our clients to ensure you have the necessary tools and understanding for a successful audit.