How to Prepare for an Audit

• Ensure all financial records, including receipts, invoices, and statements, are accurate and well-organized.
• Double-check that all accounts are reconciled and balanced, including bank and credit card statements.
• Ensure that your balance sheet, income statement, and cash flow statement are up-to-date.
• Familiarize yourself with the steps of the audit and the types of questions you may be asked.
• Consider hiring a CPA to guide you through the audit process and ensure compliance.