January marks the beginning of busy season for auditors. If your company is subject to an audit (as of and for the year ending December 31, 2018), this means it is time to start preparing.
Companies need audits for a variety of purposes, and the accounting personnel of auditees vary in size, background, and experience. Suppose you are the owner of a construction company that's subject to an external audit for insurance purposes. Maybe you are the internal accountant of a larger company. Whatever the reason for your audit, or the position you hold, sometimes it can difficult to know how to best prepare for your audit.