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Year-End Audit Preparation - 5 Quick Tips

Year-end audit preparation is often synonymous with stress, but it doesn’t have to be. When managed properly, your annual audit can be minimally invasive of your time. Here are five simple things you can do to help your year-end audit go smoothly so that you can focus on other priorities and enjoy the holidays.

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Year-End Audit Preparation - 5 Quick Tips

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  1. YEAR-END AUDIT PREPARATION: 5 QUICK TIPS BY: THE CURCHIN GROUP | WWW.CURCHIN.COM

  2. INTRODUCTION Year-end audit preparation is often synonymous with stress, but it doesn’t have to be. When managedproperly, your annual audit can be minimally invasive of your time. Here are five simple things you can do to help your year-end audit go smoothly so that you can focus on other priorities and enjoy theholidays. WWW.CURCHIN.COM

  3. 1. INVOLVE YOUR CPA EARLY ON There’s no way around the meticulous and time-consuming nature of auditing.That’swhyit’simportanttoletyourCPAleadthewayandtakethe burden off of your shoulders. Chances are they have already nudged you to begin audit preparation. Take them up on the recommendation to start early–no one has ever said, “I wish I waited longer to complete myaudit. 2. CREATE A TIMELINE Yourinternalteamshouldworkwithyourauditingfirmtodeveloparealistic schedule for gathering the wealth of information needed. Breaking your audit into smaller tasks with deadlines will keep you on track for minimal stresscomecrunchtime.Youmightevenavoidcrunchtimealtogether. WWW.CURCHIN.COM

  4. 3. DEDICATE SMALL CHUNKS OF TIME To the same tune as point number two, plan on completing said tasks duringprecisewindowsoftimeratherthanblockingoutfullworkdays.This will reduce the anxiety of having to break away from business priorities for long periods oftime. 4. BE THOROUGH The only thing that takes longer than preparing for an audit is preparingfor anaudittwice.Dothingstherightway,thefirsttime.Ifyouarerunningout of patience for a task at hand, delegate or revisit it. Haphazard information gatheringwillonlysetyouupforbacktrackingsomewheredowntheline. WWW.CURCHIN.COM

  5. 5. SEE THE BIG PICTURE Lastly, understand that the audit is more than a requirement. It is a glimpse into your company’s operations, and an opportunity for you to see where your financial strengths and weaknesses lie. At The Curchin Group, we help our clients not only complete their audits efficiently, but also use the information tosetandachievetheirfinancialgoals.Learnmoreaboutourauditingservices. WWW.CURCHIN.COM

  6. The Curchin Group, LLC, a mid-sized NJ accounting firm serving Monmouth County since 1955, has in-depth experience serving small and mid-sized companies, family enterprises, credit unions,homeowners’ associations, construction companies, and not-for-profits. Ourknowledgeable and innovative solutions can meet your needs today and for years tocome. The Curchin Group is dedicated to serving and giving back to our local community around Red Bank and Monmouth County, NJ. Each fall, we sponsor The Curchin Open Miniature Golf Tournament for Charity.Proceeds from the event benefit local charities, raising thousands of dollarsannually. ABOUT US Curchin believesthatouraccountingfirmmustprovideservicetomorethan just the bottom line; we invest in the wellbeing of our employees, clients, business partners and the community at large. Curchin truly believes successful long-term relationships are all aboutdedication. WWW.CURCHIN.COM

  7. CONTACT US MailingAddress 200 Schulz Drive, Suite400 Red Bank, NJ07701-6745 EmailAddress info@curchin.com PhoneNumber 732-747-0500 WWW.CURCHIN.COM

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