Internal audit outsourcing has been a contentious topic in the past years. Some believe that the internal audit process should be kept in-house, partly because outsourcing the audit planning process could be both costly and complicated.

Doing a financial audit means looking into the financial net worth of your company. This practice primarily involves checking business accounting records, internal control policies and other major business financial concerns.

  Is your business ripe for the next business phase? An affirmative answer means your business is doing quite well. Most probably, you and your virtual chief financial officer (CFO) are putting in a lot of work not only in your actual business operations but also in your business finances. However, if you’re not well on your way yet, perhaps you need professional advisory services to improve your business management and accounting initiatives.

Deliberate falsification of financial records is what constitutes a fraud. Now more than ever, as the technology advances rapidly, a fraud risk management plan can keep your financial records on track.

Tax compliance is an important part of the global business puzzle, and this piece is a crucial fit because without it, firms can be in a lot of trouble. As a small business owner, settling tax obligations can spare you from tax penalties that can ruin your public image and credibility, among others.

Audit and accounting professionals are familiar with the long hours and increased stress in the busy tax season. However, there’s no need to feel panicked or stressed about the busy tax season as long as your team adequately prepares for it.