If you are searching for bookkeepers near me, chances are that you are well aware of the financial auditing needs of your organization. IRS audits are the most common forms of audits these days, and all business owners are aware of the same. The sole intention behind the inspections carried out by such organizations is to ensure that your company is operating under the required specifications, and also abiding by the law set forward by the Constitution.
For savvy businessmen, these things are well organized, and they know how to deal with certain situations. But for owners of smaller enterprises, things might seem a bit complicated. Is your company truly ready for a surprise visit from the auditors?
These Organizations Can Perform a Sudden Audit
You should know the several kinds of audits your business might be obliged to go through. Let us point out the specific facets of such inspections, and what kind of organization can you expect to perform such audits:
- Local authorities can carry out fire inspections, building codes inspection, health inspection, etc. They also carry out inspection of safety issues, and check for any potential ADA (Americans with Disabilities Act) violations.
- State agencies might come up for checking your business documents related to sales tax, business registration, and monitoring employment issues, if any.
- Some of the potential federal agencies that can conduct an audit include the ADA (Americans with Disabilities Act), the OSHA (Occupational Safety and Health Administration), the EEOC (Equal Employment Opportunity Commission), ICE (Immigration and Customs), as well as the Wage & Hour section of the Department of Labor.
Getting Ready for the Audit
So, how should you ensure your readiness of allowing an audit to be conducted at your firm? Depending upon the type of industry you are serving, make a list of the potential organizations that can carry out an audit. Get your documents arranged, keep them organized, and ensure that you have all the records that would prove your credibility to the auditors. Consulting with a bookkeeping company beforehand shall make things much clearer for you, and no complications shall arise. Be prepared for a sudden audit, and secure the reputation of your company.