The latest edition of Smart Money features Barnard Vogler & Co.’s CPA and Assurance Director Jamie Lawson discussing how yearly financial audits benefit small business.

Many small business owners assume that a financial audit is only necessary for large companies or those required by lenders or regulators.  Although not mandatory, the exercise can provide value beyond compliance.  An independent analysis of your company, regardless of the size, can help strengthen operations and support future growth.

A financial statement audit is an independent examination of a company’s financial reporting.  It is conducted by an independent certified public accountant (CPA) to provide reasonable assurance the financial statements are free of material misstatement and presented fairly in accordance with the applicable accounting framework. Because of the independent nature of an audit, the report lends credibility to the company’s financial reporting.

Read the full article in the latest Smart Money to learn more.