With more than 65 years of combined knowledge and experience working in the cooperative sector, NCBA CLUSA associate member Wegner CPAs offers audits, reviews and temporary CFO and controller services. Ahead of the accounting firm’s August 20 webinar, CPA and partner Pete Oettinger sent this thought leadership piece:
So the “love letter” we all dread has finally come in the mail: The IRS or state Department of Revenue has picked your cooperative for audit. Now what? Here are some pointers to keep in mind as you prepare your cooperative for an audit.