Prepare for Audits Without Scrambling for Documents
Audit & Assurance Services in Canton for businesses facing internal reviews, external audits, or compliance requests from lenders and agencies
Redeemer Tax & Financial provides audit and assurance services for business owners in Canton who need their financial records organized, reviewed, and verified before facing an internal audit, external examination, or compliance review triggered by a loan application or regulatory inquiry. You receive notice that an audit is scheduled or that a lender requires verified financial statements, and you realize your records are incomplete, your internal controls lack documentation, or your financial statements contain inconsistencies that will raise questions. This service prepares your business for audits, conducts compliance reviews, assesses risk, and recommends corrective actions so your records withstand scrutiny and your operations meet the standards auditors expect.
Audit and assurance work involves reviewing your financial statements for accuracy, gathering supporting documentation for transactions, testing internal controls to ensure segregation of duties and approval processes are followed, and identifying areas where records are incomplete or procedures are missing. It also includes preparing summary schedules that auditors use to verify account balances, conducting mock reviews to identify issues before the formal audit begins, and advising on corrective actions when weaknesses are found. When fraud concerns arise or discrepancies appear, fraud detection support includes tracing transactions, interviewing staff, and recommending procedural changes to prevent recurrence.
If your business is preparing for an audit or needs compliance review before a financing application, contact Redeemer Tax & Financial to discuss your timeline and what documentation you currently have available.
What Audit Preparation and Compliance Review Involve
You provide financial statements, transaction records, bank statements, and internal policies or procedures related to cash handling, purchasing, and payroll. Redeemer Tax & Financial reviews those documents, tests a sample of transactions to confirm they were authorized and recorded correctly, and compares financial statement balances to supporting schedules such as accounts receivable aging reports or fixed asset registers. Risk assessment includes identifying areas where controls are weak, such as lack of dual signatures on checks or missing documentation for expense reimbursements, and recommending procedural changes to reduce exposure.
After the review is complete, you receive a summary report that lists any discrepancies found, describes which internal controls need strengthening, and provides a checklist of documents and corrections to prepare before the formal audit. Your financial statements are reconciled, supporting schedules are organized, and your team knows what questions auditors are likely to ask and how to respond with accurate information. You also gain a clearer understanding of what best practices look like in your industry and what changes will reduce audit findings in future years.
This service includes preparing businesses for internal or external audits, compliance reviews for tax and payroll, risk assessment and control recommendations, financial statement review and verification, fraud detection support, and advisory on corrective actions and best practices. It does not include performing formal certified audits or issuing audit opinions, though it prepares your records for those engagements. If your business is subject to specific regulatory requirements or industry standards, the review adjusts to address those compliance obligations.
Business owners often ask what auditors look for and how much time they need to prepare once an audit is scheduled or requested.
Questions About Audit Readiness and Compliance
What does a compliance review for payroll include?
It includes verifying that payroll tax filings match wage records, confirming that employee classifications are correct under federal and Georgia labor law, checking that timekeeping and overtime calculations follow regulations, and ensuring that payroll deductions are properly authorized and remitted.
How do you identify internal control weaknesses before an auditor does?
You test whether duties are properly separated, whether approvals are documented, whether access to financial systems is restricted by role, and whether reconciliations are performed and reviewed regularly, then document gaps and recommend procedural changes.
When should a business request fraud detection support?
You should request it when you notice unexplained discrepancies in cash or inventory, when an employee with financial access departs suddenly, or when internal reports do not match bank statements or vendor invoices without a clear reason.
Why do some businesses in Canton face repeat audit findings year after year?
Repeat findings often result from failing to implement corrective actions recommended in prior audits, lack of training for staff responsible for controls, or turnover in key financial roles that disrupts procedural consistency.
How does financial statement verification differ from tax preparation?
Verification focuses on ensuring that balances are accurate and supported by underlying records, while tax preparation focuses on applying tax law to those balances to calculate liability, though both rely on the same transaction data.
If your business is facing an upcoming audit, compliance review, or lender request for verified statements, reach out to Redeemer Tax & Financial to begin document review and preparation so your records are ready when the examination starts.