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Risk Assessment Process in Audit Ontario CA area

Audit. How can just one little word instill so much fear? At Whyte & Associates, Inc., our team in Rancho Cucamonga, serving Ontario, California, and surrounding cities, takes the fear out of the process. It helps first to understand the “truths” about this process and to look at it through the lens of using associated risk assessment protocols to avoid the dreaded audit, as so many know it – the government audit of individual or business tax returns. 

The process defined

To “audit” is to scrutinize or examine one’s accounts, be it an organization or individual. Governmental agencies may flag tax returns for potential inaccuracies, inconsistencies, anomalies, and incomplete information. Additionally, a certain percentage of “lucky” taxpayers may be randomly selected for audit. 

Likewise, audits may be a requirement upon joining a franchise “family.” The franchisor generally audits franchisees to ensure their compliance with contractual obligations. Our firm provides comprehensive audit services alongside Steve Whyte E.A. and Luis Rodriguez E.A. We have a high degree of success when representing clients being audited by the IRS or other government bodies. Additionally, we know the ins and outs of the franchisor-franchisee relationship. We are happy to ensure all “i’s” are dotted and “t’s” are crossed in anticipation of the franchisor audit. 

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New Clients : (909) 575-0080 Existing Clients : (909) 396-0097
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However, audits transcend one type or structure of a business. We can help various nonprofit and for-profit organizations uncover or expose their risks and appropriately mitigate them. In fact, in our nearly 70 years of operations, Whyte & Associates, Inc. has partnered with teams ranging from restauranters and auto mechanics to physician offices and dental practices. All organizations can benefit from an internal audit (IA) regardless of industry or business-specific compliance requirements. Partly, such an examination of accounts and processes can provide insights into the following before they turn into big problems: 

  • Key business matters
  • Emerging challenges 
  • Emerging business or industry opportunities 
  • Business competitiveness
  • Operational efficiencies
  • Data protection and process integrity

With a “bulletproof” structure and processes in place, Whyte & Associates, Inc. assists organizations in minimizing the risk of oversights or errors that could lead to an audit

Call (909) 575-0080 to schedule an appointment at our office in Rancho Cucamonga, proudly serving Ontario, Upland, Claremont, Los Angeles, La Verne, Fontana, and surrounding communities in Southern CA.

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