Virtual audits, which might also be called online audits or remote audits, have become increasingly prevalent for business owners looking for a convenient way to receive assurance services from CPAs. Understanding how virtual audits can be used, the pros and cons that come with the virtual audit process, and how you can prepare as clients to be ready for the auditors will help you be successful and able to move your business forward.

It's not uncommon for CPA firms to be approached by a business owner who says "I need an audit." However, they may need assurance services that are not at the level of an audit. So, how do you know what you actually need? In this article, we'll cover the difference between audit and assurance services so you understand what to ask for when you work with an accounting firm.

If your business is growing, do you know the point at which you will require a 401(k) plan audit or other type of employee benefit plan audit? In this article, we will cover the requirements for 401(k) plans, which are similar requirements to other employee benefit plans, in a way that gives small business owners and plan administrators insight into this essential aspect of employee benefit management

We'll cover what a fractional CFO is, the services they offer, the benefits businesses can get from hiring one, and the differences between this fractional executive role and other accounting roles you may decide to hire for instead.

To make the employee benefit plan audit process simpler, we've outlined some of the basics on who is eligible, as well as what businesses should prepare to be ready for an audit. You can download our checklist or keep reading for more information.

OAK Advisors CPAs is a firm dedicated to helping business owners achieve and prosper through services that simplify the complex, but to get to that point, we had to go through a journey to start OAK in the first place. This is a story about that journey from the perspective of our partners, Ash Abuesheh and Omar Kasani.