Why should I care about errors in my client's books?

Created by John Rea, Modified on Tue, 26 Jul 2022 at 08:40 AM by John Rea

Errors in your client's books are a form of liability. Two of the most important responsibilities of a great accounting firm are protecting your client’s assets through proper controls, and producing accurate financial statements. Those goals are undermined by activity which could be related to unseen errors or intentionally hidden fraud. 

Regularly reviewing your books for anomalous activity is an insurance policy against losing credibility with customers, vendors and the client's management. It also protects you from the financial liability related to publishing incorrect information.

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