Audited financial statements come with a special bonus: a management letter. Based on observations during audit fieldwork, the letter identifies issues affecting such areas of your business as internal controls, cash management, safety and employee benefits. Then it recommends possible corrective actions. Unfortunately, management letters are often filed away with the financial statements, and the same issues are reported in the management letter each year. If you haven’t already implemented changes based on last year’s management letter, contact us to get the ball rolling. www.mjscpa.com/news/