Field Audit
Are you concerned about the accuracy and completeness of your financial records? BizWorth’s Field Audit Report offers a comprehensive assessment of your accounts receivable, inventory, and physical assets to ensure your financial statements are accurate and credible. Our certified auditors conduct thorough on-site inspections to verify the accuracy of recorded receivables, assess the existence and condition of inventory, and confirm the physical presence and status of tangible assets like property and equipment. The resulting Field Audit Report provides a detailed overview of the audit process, key findings, and actionable recommendations, all designed to enhance your financial reporting and reduce the risk of discrepancies. The report includes an introduction, executive summary, detailed findings, and appendices, offering a transparent and reliable document that communicates the results to banks, management, stakeholders, and other relevant parties. For a clear, comprehensive understanding of your organization's financial health, trust BizWorth’s Field Audit Report to deliver the insights you need.
About this Report
How to Order
Here's an easy-to-understand explanation of the process to order and provide the information needed to obtain your report:
Step 1: Click the Green Get Started Button
Initiate the process by clicking "Get Started" and provide essential details about yourself and the company. This includes specifying the reason for the report, number of legal entities, annual sales, and property ownership.
Step 2: Select and Customize Your Report
After entering company details, our system matches your needs with suitable reports. Choose your desired report, customize it if needed, and add it to your cart. Review additional recommendations, enhance your report options, and proceed to checkout. Pay securely with major credit cards, Affirm, or ACH.
Step 3: Provide Additional Information
On the "Information We Need from You" page, submit the required details about the company. Subsequently, you’ll receive an email inviting you to the Data Collection Portal.
Step 4: Accept Invite to Data Collection Portal
Check your email for an invitation from officeadmin@datacollectionportal.com to the secure Data Collection Portal. Accept the invite to create your account.
Step 5: Complete Portal Intake Form
Navigate through the portal, filling out required forms and carefully following instructions. Save your progress if needed. Once finished, click "I've finished" to notify BizWorth that your valuation application is ready to commence. This initiates the appraisal, starting the countdown for delivery within the specified turnaround time. Check your email for updates.
This process is designed to be simple, efficient, and tailored to your business valuation needs.
How to Prepare
To help our appraisal team complete your report efficiently, here’s some information that will be useful to gather along the way. Don’t worry if you don’t have everything upfront—we’ll guide you through the process in the Data Collection Portal:
Business Information: Primary Contact and Address. Background to the audit.
Fixed Asset Documents: Fixed asset register detailing all physical assets.Purchase invoices and receipts for tangible assets. Depreciation schedules. Titles and deeds for properties. Lease agreements for equipment or vehicles
Bank and Financial Institution Records: Bank statements and reconciliations. Loan agreements and corresponding payment schedules.Investment records
Maintenance & Repair Records: Upload the maintenance and repair records, if kept, of each item to be audited.
Financial Statements: Balance Sheet. Income Statement (Profit and Loss Account). Cash Flow Statement. Equity Statement
Accounts Receivable Records: Detailed aging report of accounts receivable. Customer invoices and corresponding payment records. Documentation on write-offs and provisions for bad debts. Confirmation letters sent to and received from customers.
Inventory Records. Current inventory listings and historical inventory counts. Purchase and sales records. Inventory valuation reports. Documents regarding inventory write-downs or write-offs. Information on inventory in transit and consignment
Payment Options
What We Offer
Get the reports you need
Business Valuations
Get an unbiased, highly-reliable business valuation to preserve your most valued asset - your business.
PreQualified Business Appraisals
Secure prequalified financing for selling your business with up to 3 lenders from our national network.
Pitch books / CIMs
Send professional–grade marketing collateral to maximize interest in your business for sale.
Equipment Appraisals
Get an unbiased, certified appraisal of the operational machinery and equipment assets of a business.
Commercial Real Estate Appraisals
Get a certified appraisal of a commercial property based on objective criteria and in-depth knowledge of the local market.
Quality of Earnings
Support the due diligence phase with a fast, affordable way to validate the past financial performance of a business.
