tag:blogger.com,1999:blog-4930705704386238360.post3547460336119564300..comments2023-05-03T07:51:06.232-05:00Comments on Buying, Selling and Managing a Small Business: Should you have your small business books audited?BizBuyerhttp://www.blogger.com/profile/15901148990548855057noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4930705704386238360.post-17745173312973955682009-11-18T09:04:21.344-06:002009-11-18T09:04:21.344-06:00I could not agree more. For the buyer of a busine...I could not agree more. For the buyer of a business, the fact that the statements have been reviewed each year by an independent CPA will reduce their risk that the numbers are accuarate and therfore provide the seller with a premium price, not to mention the reduced cost of due dilligence. <br /><br />Another advantage of reviewed financials is that they include full footnote disclosure and must be prepared by an independend CPA. Compiled statements do not require footnotes and the CPA is not required to be "independent".<br /><br />Byron M. Hebert CPA<br />Pannell Kerr Forster of Texas P.C.<br />713-860-1455Anonymousnoreply@blogger.com