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Auditing/Requires Audits
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Question
Other than publicly traded companies, are there specific types of businesses/companies, such as S Corp, LLC, C Corp, Partnership, that require an external audit be performed?
Thanks for your help.
Only publicly have the SEC requirement of an independent audit (external audit) of the financial statements.
However, a privately held company (not publicly traded) may desire to have such an audit in order to support loan applications, funding requests for private investors, and when seeking venture capital.
Hope this helps.
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Don Sadler
Expertise
I can answer regarding Internal Auditing - especially operational audits, audit management, and how to revitalize a dysfunctional audit department. Also give advice to "auditees" on how to deal with auditors.
I DO NOT ANSWER HOMEWORK OR CLASS PROJECT QUESTIONS. For those answers, I suggest you scan previously asked questions and search on your favorite search engine.
I ALSO DO NOT ANSWER TAX QUESTIONS AS THIS IS NOT WITHIN MY EXPERTISE.
NOTE: I am not an accounting expert although i will try to help if I can... ask at your own risk.
Experience
I have worked in the public and private business management arena with experience in OMB, Resource Management, Internal Auditing and consulting. I am a former President of the Inland Empire Chapter Institute of Internal Auditors, previously held Director positions in the Orange County Information Systems Audit and Control Association and the Northern Telecom International User's Association. I am a Certified Fraud Examiner and a Certified Information Systems Auditor.
Organizations
Institute of Internal Auditors, Association of Certified Fraud Examiners, and Information Systems Audit and Control Association (ISACA)
Education/Credentials
MBA, CISA, CFE
Founder and Principal of Applied INTEGRITY Management Consulting Group
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