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Auditing

Posted by Jack Coate on July 26, 2007 at 11:17 pm

Only about 1 out of 30 businesses are required to have an audit performed by a Certified Public Accountant, CPA. Some businesses have them performed because the bank from which they seek financing requires it. Other businesses seek audits because they plan to be publicly traded. Regardless of the reason, an audit can be costly.
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