Table Of Contents:
- What do auditors do day to day?
- Why do people get audited?When should audit start?
- How long can the IRS audit you?
- What are the 5 C’s of internal audit?
- What is poor audit quality?
- Why do people get audited?What happens during an audit?
- What triggers IRS audit?
- What are the advantages and disadvantages of auditing?
- Learn about audit in this video:
- Who is required to have an audit?
- Do auditors make a lot of money?
- What is an audit tool?
What do auditors do day to day?
Why do people get audited?When should audit start?
How long can the IRS audit you?
What are the 5 C’s of internal audit?
What is poor audit quality?
Why do people get audited?What happens during an audit?
What triggers IRS audit?
What are the advantages and disadvantages of auditing?
Advantages | Disadvantages |
---|---|
Auditing helps with business or system improvements | Auditing requires experts |
Provides credibility | Impossible to check all transactions |
Prevent fraud | Unsuitable for small business |
Useful for Planning and Budgeting | Risk of bribes and threats |