What things make you more likely to be audited by the IRS?
The Top 10 things you can do to prevent being audited by the IRS
What you need to know about being audited
You're being audited! The words you never want to hear and create panic in everyone. Being audited takes time, and will most likely cost us more money. The IRS has 3 years from the date you filed your taxes to request and audit, unless they actually suspect you; then they can go back as far as 6 years. This article will provide you with a little more information about what you need to know about being audited.
Pros and Cons of internal audits
Internal auditing is a consulting activity involved in advising organizations on how to improve and achieve their objectives. It is a systematic methodology for analyzing business processes and recommending helpful solutions. Professional internal auditors are employed by companies or organizations to perform these various activities; some of the auditing may involve internal control topics such as the reliability of financial reporting, investigating fraud, or compliance with laws and regulations.
