Why it Pays to Involve Auditors Early in the Provision Process

Why it Pays to Involve Auditors Early in the Provision Process

When preparing a tax provision and financial statements, time is of the essence. So, who could blame you for taking matters into your own hands and reserving for deferred assets based on probable forecasts? Or allocating assets and liabilities to the best of your knowledge? After all, if something is off, the auditor will catch it and you can make adjustments then, right?   Wrong.   Trouble is that by the time an auditor raises a question about …