Question
CPA Audit
I'm wondering if you could comment on a the viability of Quickbooks Online as a financial system - for a company that was needing to do a full professional audit?
I've heard people say that it's not rigorous enough to stand up to scrutiny, and needs to be replaced with a tier 2 ERP system like Netsuite / INTACCTWhereas my observations are that it's really more the lack of controls that haven't been (needed to be) established by small business owners as the company has grown.Once an organization has reached a plateau of needing an audit - the necessary guardrails aren't in place.