A financial statement audit is generally required because of investors, lenders or the government (as in the case of non-profits once their gross receipts are above a certain threshold).  Additionally, owners and managers may want an independent audit of the numbers by a CPA firm to give them a certain level of comfort about the company’s financial position and operating results, especially if their company is in a growth mode.  Finally, many business owners ensure they receive an annual financial statement audit when they have plans to sell their business.  An acquiring entity is generally much more interested in a company that has a track record of reliable numbers covered by a signed report from an independent auditor. 

In a nutshell, absolutely.  There are some important nuances to navigating the process when being examined by the IRS and favorable outcomes are much more likely when a taxpayer has proper representation and is responsive to IRS agents and examiners.  Representation is a big part of what we do and we have an expert on the team for just that.  Our professionals have a history of successfully representing clients when representation is needed.  

Our team consists of professionals with Big 4, national, regional and local firm experience, and as we shared our individual war stories over time, we quickly realized that every firm has its own unique culture and personality.  At Stone & Company, we are passionate about growth and strive, always, to exceed our clients’ expectations.  We work as a team, always, and every team member understands what it means to be responsive and accessible.  We are always ready to give each matter the right level of attention when attention is needed.  We can attest…  not all accounting firms are the same in this area.