Define Audit Again

🚨 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? 😂🔥 Join our Bookkeepers On Fire Community to connect 🤝, collaborate 💬, and thrive 🚀 with like-minded professionals who are passionate about bookkeeping, accounting and business growth.Join us here: Bookkeepers On Fire CommunityBookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent.🔥Donate with Venmo🔥    🔥Donate with PayPal🔥