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If you have never faced a regulatory audit, you might be surprised to learn that regulatory audits proceed differently from financial or tax audits.
Of course regulatory auditors delve into financial statements. But they also analyze a company’s compliance with pertinent regulations.
Auditors put compliance practices under the microscope, searching for mistakes that even the most compliance-conscious companies make.
An adverse audit outcome can have severe financial consequences for your business, as a result, few businesses leave an audit unscathed.
A successful audit recognizes your past compliance efforts, and ensures your business goals and operations are not at risk based on the audit decision.
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