As a rule, you tend to have to be a pretty significant business operation
to have accounts / financial statements that are "independently audited or
examined."

Even many small businesses have their financials and tax accounting
reviewed and prepared by accounting professionals.  But that's different
from a formal assertion of "independently audited or examined."

In the US, publicly traded corporations would be.  But many private
entities would not.  It can add a significant time investment and
significant expenditure to go that extra step and get an assertion from the
accountant that the financials represented in the report do materially
reflect the state of the business.

Without expressing a particular opinion on the matter, I believe that you
should contemplate whether any risk mitigation value of imposing such
burdens outweighs the costs to the CA / prospective CA.

On Thu, Feb 9, 2023 at 11:54 AM Kathleen Wilson <[email protected]> wrote:

> Would it be reasonable to add the following as a Concerning Behavior?
>
> - The CA does not publish annual accounts or financial statements that
> have been independently audited or examined.
>
> This has been suggested to me via email, but I am not versed in this area.
>
> Thanks,
> Kathleen
>
>
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