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Re: dent1 post# 60735

Wednesday, 03/24/2010 9:57:47 AM

Wednesday, March 24, 2010 9:57:47 AM

Post# of 83058
a tax return and audited financial statements are two very different things.

The audited financial statement requires a full accounting of every general ledger entry and reconciliation of it. When filing a tax return it asks for the balance sheet, without verification.

A full audit would take a considerable amount of time, the first time.

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