Payroll

Internal Audit and Records Restoration

An internal audit is not a tax inspection and not something to fear — it’s a voluntary and confidential review of your financial records and accounting, initiated by the business itself, in order to:

  • understand the company’s actual financial position,
  • identify mistakes, inconsistencies, or gaps in accounting,
  • prepare for an external audit, attracting investors, or selling the business,
  • organize your records before tax filing,
  • gain confidence that your accountant is doing things properly.

For your business, it’s like a medical check-up — not to treat problems in a rush, but to prevent them in advance.

When do you need an internal audit:

A common misconception among entrepreneurs is: “If the business is running, money is coming in, and taxes seem to be paid — everything must be fine.”

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you changed your accountant and are unsure how your books were maintained previously

you have transactions from various sources (Stripe, PayPal, Shopify, marketplaces)

you work with employees or contractors across multiple states or countries

you are preparing for investment, a business sale, or an external financial audit

you’ve received inquiries from the IRS or insurance companies

you want to move from messy records to a clear accounting system

Accounting automation — which systems to choose, how to simplify operations without losing control

Internal audits are especially relevant for IT companies, startups, marketplaces, and online businesses — where there are many moving parts: subscriptions, commissions, refunds — but no clear confidence that the accounting is accurate.

Why This Service Matters

Independent review of your current accounting status — no conflict of interest

Helps identify errors, risks, and areas that need adjustment

Provides a solid foundation for decision-making and preparing for external audits

Enables recovery and systematization of disorganized financial records

Saves time and resources — instead of constant “firefighting,” you gain structure and control

Our Expertise in This Area

Our team has extensive expertise in internal audits and accounting recovery — for both small businesses and complex international structures with multi-layered financial architecture.

We have:

restored accounting records “from scratch,” including periods with missing or incorrectly classified documents

conducted internal audits at the initiative of business owners, in preparation for external audits, investment rounds, or restructuring

implemented automated systems that integrate all data sources into a unified accounting process

systematically analyzed transaction journals (general ledger), cash flow, tax liabilities, and risk areas

reconstructed P&L statements and balance sheets, and prepared data for proper tax reporting

successfully helped international companies structure their accounting in compliance with US GAAP and prepare consolidated reports involving subsidiaries across multiple jurisdictions

We pay particular attention to:

accuracy in revenue and expense recognition (accrual vs. cash method)

understanding the structure of liabilities and risks

preparing for potential tax audits or investor due diligence

and most importantly — building an accounting system that is clear, transparent, and manageable

How We Work

We aim to make the audit and recovery process as clear and stress-free as possible — even if your accounting is in disarray, don’t worry. We know how to work in complex situations. Here’s how it works step by step:

Here’s how it works step by step:

Introductory Meeting and Information Gathering

During the first meeting, we:
• get to know your business, its structure and team
• discuss which periods require an audit or data recovery
• clarify whether you use any systems (like Excel, QuickBooks, or an external accountant)
• collect what’s available: contracts, bank statements, documents, system access, etc.
At this stage, just share what you have. We don’t expect perfection — in fact, most clients come to us because it’s missing.

Initial Analysis and Recovery Plan

We review everything you’ve provided and build a clear picture:
• which periods need to be reconstructed
• which tax forms weren’t filed
• what’s visible and what’s missing
• which areas are high-risk (taxes, contractor payments, P&L, etc.)
Then we prepare a roadmap with priorities and timelines.

Data Reconstruction and Internal Audit

Then comes the manual and analytical part. We:
• extract data from banks, payment systems, CRM, and other sources
• reclassify transactions and categorize expenses (including payroll)
• verify the integrity of the records — identify gaps or hidden risks
• prepare accurate accounting and tax reports
If you used Stripe, Shopify, PayPal, Wise or similar — we know how to extract and properly reflect those records in compliance with GAAP/IRS standards.

Final Reporting and Recommendations

Once records are restored, we:
• prepare final reports (P&L, balance sheet, cash flow)
• file or adjust tax forms as needed
• give you a detailed summary and guidance so issues aren’t repeated
• train your current accountant or continue the work ourselves

Ongoing Support

We don’t just hand it over and disappear. We:
• answer your questions and handle follow-ups
• assist during IRS inquiries or when communicating with banks, investors, CPAs
• help build a clear, structured accounting and financial system based on clean data

Why Work With Us?

We’re the kind of team you’re not afraid to meet after the reporting period.
We won’t overwhelm you with form numbers and acronyms — we calmly explain what’s happening and what to do next.
We also have something that can’t be certified — the ability to bring clarity and order in a way that lets you finally breathe easier.

Accounting restoration and internal audits with us aren’t about “finding faults,” but about regaining control.
You’ll feel like things are finally under control. And that, frankly, is priceless.

Financial Reporting Review

When we review your financials, it’s not just a formality — we go deep into how your accounting system works. We analyze how accurately your reports reflect your company’s true financial picture: income and expense structure, and GAAP/IRS compliance.

Because we don’t just “understand accounting” — we live it.
We don’t need a long explanation to make sense of your reports — we dive in right away. We’ve helped businesses dig their way out of chaos, reconstructing books even when they were practically nonexistent — when records were lost between states and countries, and no one knew what “that one IRS letter” was about.

We always keep a close eye on the big picture:

We know how to rebuild your transaction history in detail
We understand accounting in investment funds, marketplaces, and international IT projects
We don’t just look at the numbers, but also the meaning — where risks lie, what can be automated, and what’s holding you back

We spot classification errors, logical inconsistencies, blind spots, and potential tax risks. This approach helps you not just “get a report,” but truly understand where you are — and how to make your accounting more transparent and reliable.

Frequently Asked Questions

An internal audit is not an official statutory audit but a voluntary review initiated by the company to identify errors, risks, and inefficiencies. It provides an internal perspective on how accounting processes are handled — from report generation to compliance with IRS rules, investor expectations, or internal policies. Even if you already work with an accountant or external provider, an internal audit ensures your records are accurate and transparent.

If system data doesn’t match bank statements, reports were not submitted on time, you’ve changed accountants, or you’re simply unsure about your current accounting quality — it’s time for recovery. This is especially important before a tax audit, investor due diligence, filing annual returns, or selling the business.

We often restore records for the past 1–3 years, especially in relation to tax statute of limitations, grant requirements, funding rounds, or compliance corrections. However, the scope depends on your goals — we can focus on key months or the entire business history.

Yes, because even if the IRS doesn’t ask, investors, banks, buyers, or auditors likely will. Accurate reporting also protects you from unexpected tax liabilities or penalties.

Anywhere from a few weeks to several months — depending on data volume, transaction complexity, access to documents, and whether there are multiple entities, currencies, or online sales involved.

We review the structure of your records, transaction logic, report accuracy, income/expense classification, filing deadlines, and compliance with IRS and GAAP/IFRS standards. For international companies, we also review intercompany transactions and consolidation.

Yes. We work with international groups, are familiar with multi-currency accounting, cross-border regulations, and the specifics of eCommerce and IT businesses. We use smart systems and automation to handle complexity without losing accuracy.

Absolutely. We don’t just audit and restore records — we also implement automation, configure integrations with banks, CRMs, marketplaces, and other platforms to ensure everything runs smoothly moving forward.

As deep as needed. We analyze how you generate revenue, your risk areas, where money may be leaking, and what matters most to you. An internal audit isn’t a generic checklist — it’s a tailored external perspective.

Completely. All data is protected by NDAs and ethical standards. We respect your trust and guarantee full data security.

Book a Free Consultation

Let’s schedule a free introductory call (15–30 minutes) to discuss your needs, answer your questions, and explore possible ways to work together.


No obligations — just a conversation to explore ideas together.