The Value of a Good Financial Audit

See all blog posts
shape

How often have you thought to yourself “Hmm . . . I’d better get a high quality audit of my business done this month”. Probably not very often.  So let’s chat today about why you need this service performed every once in a while.

  • Better financing rates from banks.  An audit gives banks reassurance that everything is on the up and up with your business.  Bringing a quality set of audited financial statements to a bank and requesting financing goes a long way.  The bank is able to rely on the statements and be certain of your financial position, and quality as a lending client.
  • It very well may be required by law.  In Canada, some corporations are required to produce audited financial statements on a yearly basis.
  • Having an audit done of your financials will also provide you, the business owner, with comfort over your reporting.  You’re a busy entrepreneur; maybe you missed something over the year?  Is your record keeping really perfect?  Better to let the Ottawa Accounting experts at Al-Mulla CPAs provide you with a quality second set of eyes.

Quality financial reporting is the cornerstone of our Economy.  Al-Mulla CPAs is a stalwart defender of the integrity of small businesses, and can help you translate your economic data into information you need for decision making.  Call us today at 1-855-256-8552 for a free consultation.

Zaid Al-Mulla, MAcc, CPA, CA
zaid.almulla@almullacas.com