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Preparing for Your First Audit – Steps to Follow for Consumer Products Companies

Withum

Determine Who Will Be Responsible Prior to preparing for your audit or even engaging a CPA firm for that matter, a company should first designate who will be overseeing the audit process. Delays in providing account schedules, requesting underlying support, or answering auditor inquiries will lead to delays in the audit timeline.

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Friday Footnotes: An Outsourcing Shortage Now Too?; Finally, Some Disruption; PwC Haters Celebrate Government Inquiry | 3.17.23

Going Concern

The journey to zero-day close will drive further adoption of accounting automation 3. The demand for virtual bookkeeping assistants are on the rise, as these professional independent contractors can remotely manage the day-to-day finances of a firm, such as preparing balance sheets.