1. Audit Success Strategies How to Survive an Audit and Thrive By John Carrato and Bill Winberg

2. Presentation Outline Introduction of Speakers What is my risk for an audit? Be Prepared Be Honest Close

3. What is My Risk For Audit? Federal Agencies – IRS – US Dept. of Labor – SEC

4. What is My Risk for Audit State Agencies – IL Dept. of Revenue – IL Dept. of Transportation – IL Dept Empl. Security

5. What is My Risk for Audit Other Government Units – City of Chicago – Insurance Company

6. Be Prepared Preparations begin when you start your business Manage your audit risk – know your color Have good internal controls that work Know the rules and laws Read your contracts and agreements Hire good help Tie production people to accounting needs

7. Be Honest Avoid stress and do it right the first time Get it in writing to define audit scope Review your records one more time Attorney client privilege

8. Close Questions?