Review of SBA blog: 5 factors of audit risk

I have heard clients say before, “If it wasn’t for the IRS, I wouldn’t need a bookkeeper or accountant”. ¬†Of course, this is far from true, as a good accounting system consistent with GAAP (Generally Accepted Accounting Principles) provides consistent, useful financial information for external users (investors, for example) and internal users (owners and managers). […]