🚨 Ever had an insurance provider, mortgage broker, or workers comp auditor throw around the word “audited” like it’s free candy?
🍬 Spoiler alert: it’s not the same thing we mean in accounting.
Here’s the real talk:
🔹 Audited ≠ Audited – Capital “A” audit means third-party, deep dive, $15K+ bill 💸 … small “a” audit means “does this look okay?” 👀
🔹 Push Back – When they demand “audited” statements, ask them who’s paying. (Hint: not you, unless they’ve got $15,000 burning a hole in their pocket) 🔥
🔹 Clarity Wins – Most of the time, they just want standardized financials. Send your year-end statements ✅ and call it a day.
👉 Next time someone tosses the word audit at you, remember: definitions matter.
Would you pay $15K just to make your insurance agent happy? 😂
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