Why It Pays To Get An Audit (#50)

Host of the Maximize Business Value Podcast, Tom Bronson, is joined in this episode by Jeff Owens, Partner at Armanino, who specializes in auditing. The two discuss the auditing process in great detail including who can perform one and when it should be done. They also clarify the many levels of assurance and the differences between an audit and a Quality of Earnings report, or Q of E. Jeff emphasizes that business owners should focus on their financial systems in order to minimize future risk, so transitions can occur smoothly. Learn how to improve your business finances today!Jeff Owens has more than 16 years of experience in public accounting. At Armanino, he focuses on serving the nonprofit and technology sectors, which helps clients keep up with the accounting and tax regulatory environment, maintain strong financial reporting processes and internal controls, and access the capital markets. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. He received a bachelor’s degree and a master’s degree in accounting from Southern Methodist University.Tom Bronson is the founder and President of Mastery Partners, a company that helps business owners maximize business value, design exit strategy, and transition their business on their terms. Mastery utilizes proven techniques and strategies that dramatically improve business value that was developed during Tom’s career 100 business transactions as either a business buyer or seller. As a business owner himself, he has been in your situation a hundred times, and he knows what it takes to craft the right strategy. Bronson is passionate about helping business owners and has the experience to do it. Want to chat more or think Tom can help you?  Reach out at [email protected] or check out his book, Maximize Business Value, Begin with The Exit in Mind (2020).Mastery Partners, where our mission is to equip business owners to Maximize Business Value so they can transition their business on their terms.  Our mission was born from the lessons we’ve learned from over 100 business transactions, which fuels our desire to share our experiences and wisdom so you can succeed.#MasteryPartners #MaximizeBusinessValuePodcastMastery PartnersElevating Businesses to Achieve The Business Owner’s Dream Exit The unfortunate reality is that for every business that comes on the market (for whatever reason), only 17% of them achieve a successful exit. You read that right. 83% of attempted business transitions never reach the closing table. Mastery Partners is on a mission to change that. We ELEVATE businesses to achieve maximum value and reach that dream exit.Our objectives are simple - understand where the business is today, identify opportunities for dramatic improvement, and offer solutions to enhance the business, making it more marketable and valuable. And that all starts with understanding the business owner’s definition of his or her dream exit.  Mastery has developed a 4-Step Process to help business owners achieve their dreams.STEP 1: Transition Readiness Assessment STEP 2: Roadmap for Value Acceleration STEP 3: Relentless Execution STEP 4: Decision: Now that desired results are achieved, the business is ready for the next step in the journey!CONNECT WITH MASTERY PARTNERS TO LEARN MORELinkedInWebsite© 2025 Mastery Partners, LLC.