#audit
Independent audit and assurance engagements — SOC 2, financial statement audits, internal controls testing, evidence collection, and audit readiness for service organizations and growing businesses
Form 5500 is due July 31 for calendar-year plans; IRS late penalties run $250 a day up to $150,000, but DFVCP caps small-plan relief at $1,500.
GrantHub is gone, and Fluxx and SmartSimple are grantmaker tools — here's which grant software small nonprofit seekers actually need, by lifecycle stage.
A COPAS joint interest billing audit window closes 24 months after the calendar year ends — check overhead rates, AFE overruns and your decimal before it shuts.
A reverse sales tax audit recovers US sales and use tax you overpaid to vendors or self-assessed — most states allow refund claims three to four years back.
A US DOL wage-hour investigation has four stages: opening conference, records review, interviews, final conference. Weak payroll records double the cost.
Voiding zeroes a QuickBooks transaction but keeps the record; deleting erases it. Void by default and recover mistakes through the Audit Log.
A Yellow Book (GAGAS) audit adds internal-control and compliance reporting to a financial audit — required for nonprofits spending $1M+ in federal awards.
The Beneish M-Score combines eight financial-statement ratios into one score that flags likely earnings manipulators above −1.78; here is what each variable catches and how to use it in lending and acquisition due diligence.
Carrier billing errors cost shippers 3 to 5 percent of parcel spend, and late-delivery refunds expire 15 days after the invoice (FedEx) or scheduled delivery (UPS). This eight-point audit checklist covers service failures, duplicates, DIM errors, and bogus surcharges, plus a weekly routine that keeps claims inside the window.
After the IRS cut 28% of its workforce, phone waits doubled to 14 minutes, paper processing slowed to 36 days, and audit revenue fell 35%. The small-business playbook is to e-file everything, use the Business Tax Account, respond to notices online, and keep audit-ready books.
Tunisia's 2026 Finance Law lets small businesses under 100,000 TND turnover pay a flat 4,000 or 5,000 TND a year — half that in rural zones — and skip tax audits for six years. The flat tax only beats the progressive schedule above roughly a 45% net margin in the lower bracket and 26% in the upper one; here is the break-even math, the eligible activities, and the four traps.
Since 2023 plan years only 401(k) participants with account balances count toward the 100-participant large-plan line, so a 60-employee company can owe an $8,000 to $12,000 IQPA audit with its Form 5500. This guide covers the day-one count, how the 80-120 rule defers the audit, the July 31 and October 15 deadlines, and a first-audit preparation checklist.
