Cannabis Knowledge & Insights

Forensic Accounting for Cannabis Business

With an emerging industry such as cannabis, you will surely come across some types of fraud, embezzlement, or financial misrepresentation. ​​​​​​​

With detailed financial analysis and tracking the movement of assets, forensic investigations can detect the problems and identify the methods used to deceive cannabis business owners.

Investors & co-founders alike should be aware that just because you know someone personally or have interacted with a business many times, that doesn’t mean you aren’t or won’t be deceived at some point.

In this episode, we will cover:

  • What is Forensic Accounting?
  • When do you need to use forensic accounting?
  • Example of when forensic accounting is useful
  • How to Select a Forensic Accounting Firm
  • What to do with a Forensic Accounting Report

If you need an accounting overview or an audit for your cannabis business, then please contact us at: https://greengrowthcpas.com/get-started/ or call 800-674-9050.

Transcript

Again, thank you for joining us today for our webinar about forensic accounting for cannabis businesses. This presentation is brought to you by Green Growth CPAs. Now as the industry matures, you’re starting to see headlines of cannabis businesses running out of cash or they’re running into financial trouble or many other things around finance. Now some of those things are self-inflicted wounds where they just didn’t manage their money properly, but sometimes those are from fraud and misrepresentation of the financials and many other things that could warrant a forensic accounting examination. Now we’re going to explore what that looks like and why you would do that for your cannabis business. Now a little bit about GreenGrowth CPAs before we get started. Now we are a cannabis only firm. We have hundreds of active clients throughout 12 different States in the country as well as international clients. Now we work on tax preparation cause we’re a CPA firm, but aside from that we do audits, business valuations, helping with other financial compliance items, the outsource CFO service where we can help you really get a grip on your numbers and help you take your business.

To that. Next level and when you’re ready to exit, we can help you with IPO readiness or any other MNA transaction to help you exit your business or grow your business. If you’re looking to buy other businesses and create that big, big cannabis business you’ve been envisioning. Now we service all verticals throughout the cannabis industry from cultivation, manufacturing, distribution, testing, retail delivery, anything that has to do with cash and cannabis, our business can help you out with that and help you get a real grip around the financials and grow that business to where you see it in the future. Now, before we get started, I need to let you know that the information contained in this webinar presentation is meant for guidance purposes only and not as professional legal or tax advice and for it does not give any personalized legal tax investment or any business advice in general.

So let’s review what we’ll cover today. So first I’m going to explain to you what forensic accounting is and then when do you actually need to use forensic accounting? I’ll give you an example of how you actually get to this point because it’s not the first thing you do when you find something, you know, a miss in your financials. Then we’ll talk about some additional considerations around forensic accounting and having good record keeping. Then we’ll talk about how to select a forensic accounting firm and what to do with that final report that you get from your forensic accounting firm and the engagement with that firm. So first, let’s review what is forensic accounting. You may have heard this, you may hear forensic, you think MCIs or some kind of television show. Well, it’s similar to that, but it’s a lot more numbers and a lot fewer bodies.

Now, forensic accounting utilizes accounting, auditing, and investigative skills to conduct an examination into the finances of an individual or a business. Now, forensic accounting provides an analysis or a report that’s suitable to be used in legal proceedings. So when you get to a point where you actually need to investigate financial crimes or misrepresentation, that’s when forensic accounting comes into play. And this final report again is going to be used in some kind of legal proceedings in some kind of court case. Now, forensic accountants are trained to look beyond the numbers in deal with the reality of the situation. Now you can look at a bunch of numbers and say, yes, this much in this much out, but forensic accountants add that story and they find out what that true story is behind the numbers. In the reality of that situation, yes, you have lots of money going to one business.

Well maybe that might not seem so fishy when you look at it on the surface level, when you start to look at, you know the money going out particular agreements and how they’re structured with your company in that other company, and then you look at personal financial records of the person who made that agreement. Now we start to see a pattern in a story where the forensic accountant can say, yes, they did this, this, and this. That resulted in this kind of financial misrepresentation or diversion of cash. Now the final result of the engagement with your friends and accounting firm is going to be a report and an opinion that can be used as evidence in a corresponding court case or multiple court cases potentially. So at a high level, forensic accounting is creating and digging through all these financial documents and other agreements to create a final report that you essentially use in a court case to prove of some kind of financial crime or misrepresentation or fraud.

So when do you actually need to use forensic accounting? As I said, this is not usually your first option. So what we see now as the industry becomes more legal and less into that shadow or gray market or black market, you’re realizing that cash crimes are the new drug crimes. Cannabis is not the biggest issue. It’s following the money and making sure that everyone gets paid along the lines from vendors to the governments. Now, most politicians that advocated for the legalization of cannabis were riding on the platform that tax revenue would fix many of the local problems. You know, the broken roads, underfunded projects and everything else. But what they didn’t realize was that taxing the legal market would keep the black market alive and then what that would do and where does that leave us today? It puts a lot of pressure on these licensed operators to start pulling tricks to fix the books, and this is done to please investors or to get their fair share of money as operators and sometimes cover up their wrongdoings as operators.

And then that’s where we get into these bigger problems. You know, these operators were promised a green rush, it only dripped, it was not a huge rush, and now they’re left holding these financially struggling cannabis companies and they really don’t know what to do because there’s no precedent sent on what to do with these kinds of businesses in the gray area of the law. Now, forensic accounting is used frequently in fraud and embezzlement cases primarily, and it’s used to explain the nature of the financial crime in court. Some scenarios when you see this are going to be when the CEO, the manager, another partner or a key employee is suspected of stealing or diverting cash or maybe misrepresented financial statements are being used and relied upon for investments or critical decisions within the business or just general accounting issues related to tax fraud. Maybe you’re going through an audit and the financial records are just so messy or they’re not there at all to begin with.

Then you have to go through a forensic accountant to really help reconstruct these financial records to see what is really happening in the business and who potentially is at fault for any liabilities or issues within the company. So if you’re in one of those scenarios where you actually see one of these things happen, you know these misrepresentations, he’s stealing or diverting of cash, then you got to start to engage a forensic accounting firm. So let’s talk about an example of how you actually get to this point of engaging the firms. So we’re going to cover these steps that lead you up to this. Again, since you don’t really jump right into forensic accounting because this engagement is not cheap. Forensic accounting examinations can start around the 35 to $40,000 range and go way, way higher up into the millions of dollars depending on the complexity of the situation and the business, how many entities, how long this has been going on, how far they have to look back, things of that nature.

Now, accounting is typically an afterthought for most cannabis businesses. They’re just so excited to have a legal cannabis business and be able to make and sell the products that they love and they want to give people their medicine. So again, accounting is always like, well, we’ll take care of that in April when it got to pay the tax bill, but it’s not really the way you want to start looking at your business, especially if you’re a new operator. Plan for financial systems from day one. So the boat essentially hits the iceberg around tax filing time, or when investors ask you for some type of financial reporting, no. In your operating agreement, they probably ask you for quarterly financials. So maybe an investor reaches out and says, Hey Mikey, I’d like to see some of your financials. What’s your P andL and balance sheet for Q one 2019 or Q4 2019 or maybe the boat has the iceberg.

When you see a partner manager or key employee, you know, stealing or you suspect them was stealing or diverting cash or any other questionable financial actions or agreements on behalf of anybody in the company. So what do you do? How do you actually get down to the point of like, we need a forensic accountant to come in? Well, the first thing you’re going to do is invite an accounting team in or out to your business. You know, someone such as GreenGrowth CPAs and what you’re going to ask them to do is to clean up the books and put together a third party set of financials and help you run down through the business. Now, one thing you’ll notice in most of these cases is that these cannabis companies don’t have any cash logs or they’re poorly maintained or they have just poor records in general.

But a lot of the times it’s very, very poor cash logs. And as you know, a majority of the transactions that happen in cannabis are cash. Now this is true for money coming in and money going out of the business. So the accounting firm needs to, at this point put the records together based on what the business provides them. So they start looking at the money coming in. They are looking for, all right, well how does the cash balance of the business go up? So they’ll look at retail sales, they’ll go off the POS system or any other type of system that tracks the retail sales. And this is why it’s important to have a real POS system and not just some 1980s cash register that puts out a piece of tape, right? You really, really need to have some type of digital tracking system for all the retail transactions within your business.

Then the look at the wholesale side of the business and they’ll use your wholesale selling system or any bank accounts and wire transfers to make sure that money coming in is accounted for. And they’ll see how the money’s moving within the business. Now once they see what money comes in, they’re gonna look at what money’s going out. These are things that decrease the cash balance. So things like invoices from vendors potentially or from other service businesses or receipts for anything that they paid out, payroll systems for things, you know, like paying your business vendors or paying your employees and any other relevant systems where you’re doing any kind of payables. So then once you start to see where the cash is going in and where the cash is going out to, you start to see where the cash balance should be. And you compare that to what you actually have in your safe and in your bank accounts.

Now this is where we hit that cross in the road. If there’s a huge discrepancy, we need to find out what’s going on. Is it something that’s fraud or is it just really, really poor accounting controls? You know, it could be a myriad of things. Now this is going to be by the opinion of the accounting firm. Hopefully you’ve engaged them, one who’s experienced in cannabis and experienced in doing these type of third party financial statements and you know, light audits to say, all right, well what’s your opinion? What do you think is going on? And they’ll make a recommendation from there. Now the next step probably is going to be to collect further information to make a very thoughtful opinion and it’s going to be an accumulation of many things. You need to collect a lot of data points and capture a lot of data about the business before you render a choice to go through a forensic accounting examination.

Now things are going to look at our deals that have been entered into an agreement. You know, are all partner’s names on the agreements, maybe a partner. Here’s one thing that yeah, we entered into a partnership with ABC company, but they find out something different. There actually is no partnership and it’s just kind of a handshake deal. There’s no legitimate paperwork in place or maybe three of the four partners are on an agreement and that fourth partner is being cut out of deals. Or maybe you find that the terms are very unfavorable for your company, but the partner willingly signed it and they, you notice, Hey this partner in that business have too good of a relationship and you know what’s going on? Why is this like them? Are they getting paid in a backdoor fashion? From that business you also look into are you current on your tax payments at all levels, your federal tax payments, your payroll taxes, your excise taxes, your sales tax.

You know, if you’re starting to fall behind on those payments, is someone taking that money that they potentially said they were paying with and pocketing that money, baking on the ability to pay for those taxes later down the road and not knowing that there are huge penalties to have to deal with, you know, look into how’s employee turnover? Who’s staying, who’s going, who’s being hired, what’s the protocol for being hired? Is there any nepotism that you have to worry about and people being favored or brought in without the right due diligence on bringing these people in, especially if it’s in a fiduciary type of role where the hiring manager needs to do a lot of due diligence to make sure that this is a good person to be brought into the role. Another thing that the accounting firm may do is do some employee and manager interviews and learn about the operation and its nuances and potentially its shortcomings.

Is there anything standing out? Are there too many people handling the money? Is it very easy to steal? Is there some kind of room where the money’s being counted and there are no cameras looking at all the things going around and going on in that room? Very easy to steal money if you’re not being watched. Now, once they look at these things in many other aspects, you want to see, all right, well, is there any indication of foul play or financial crimes or financial misrepresentation? If so, then this is the point in which you’re going to engage a forensic accounting firm to really dig in deep because this is a specialized type of accounting, a specialized type of investigation that just a general CPA is not going to do a really, really good job at it. You need someone who specializes in this. Now once you do that, I want to go over some additional considerations before we jump into, you know, how to select a firm.

So some additional considerations here is first if you feel you’re at this point to start a forensic examination, it’s important that you seize all of the documents as quickly as possible from the person who is potentially causing this fraud or may be responsible for this fraud or manipulation. You need to create separation immediately from that person and the documents you need to swiftly remove them from the premises because they could destroy evidence. And if there are not backups of this evidence, you may never even know that it existed, but you just don’t want them to destroy evidence. Cause this could bring you into a point of gross negligence. So when you think of evidence, you need to think in terms of access to systems which are online systems or digital systems and physical records. So once you figure out or start to understand maybe there is ABC person or persons that are responsible for these financial issues, you need to create that separation immediately and then limit their access to anything that could be used in the financial examination.

So next, before we get too deep into the forensic accounting examination, I want you to understand that poor record could result in you being held grossly negligent where the IRS could assess penalties on you. So it’s not just your investors or anybody else, it’s that having poor records could potentially get you into trouble with the IRS. And an example of this is the Alterman case and this ultimate case, you can Google it, look it up. And what it said in this court case is that the business didn’t even bother to keep good records to sufficiently support their tax filings. And they assessed an accuracy penalty against this business and it was very, very heavy. It was a very damning case for the business. And it set a precedent that record keeping is a huge, huge thing. That’s why we want you to always think about this as you start your business from day one.

So aside from fighting financial crimes, you need to protect your business from these types of gross negligence issues. Now it’s not this the IRS, your investors could hold you accountable and that could be a big, big problem. Now in most operating agreements, it typically says that you must maintain your books in a certain way and provide certain types of reports back to investors so that they can make sure things are operating properly. Or at least they know what is going on in the business. And if you fail to do this, you could be pushed out depending on the remedies listed in your operating agreement. Now you may think, Hey, that’s crazy and that’s a huge ask of the investors. Well, let’s look at it from an investor standpoint. They give you 1 million, 2 million, $5 million. It’s very scary for them to not have any kind of controls or reporting on how the money’s actually being earned.

You know, are you doing everything through metric? Are you doing everything on the up and up or how their money’s being used? Are you guys just going on lavish vacations and saying, Oh, we’re working, we’re working, we’re working. Or are you really spending the money on building out the business and doing the things you said you were going to do when you ask for that money? And one thing that really is top of mind to the sophisticated investors or people that are experienced in the cannabis industry, is it, are you stealing or exposing them to any unnecessary risk as a part-owner of your company or a person of financial interests? So let me explain this. An example of a tier-three issue on California cannabis licenses. So there are points assessed on licenses if you do things wrong. Things like selling to somebody without checking their ID or selling to someone underage or not staying in compliance with, you know, manufacturing procedures and SLPs, things like that.

So a tier-three issue is knowing or willfully violating laws or regulations pertaining to commercial cannabis activity or fraudulent acts relating to the licensee’s commercial cannabis business. Now, when applying for a cannabis license, you need to disclose any previous cannabis businesses and licenses you are part of, and did it have any issues? Now, failing to pay taxes is a tier three issue, right? That is a fraudulent act. Pretty much. Now, your fraud that this investor didn’t know about until it was too late, this could hold them back from being able to invest or be a financially interested party later down the road in the future of any other cannabis businesses. Because the BCC, again, on the application, they’re going to read, okay, Michelle did invest, or Michael did invest in these other cannabis businesses. And when they’re looking through it on their application, these cities and the BCC are gonna say, well, okay, we don’t really want this kind of person within our city because they were fraudulent, right?

Especially in a hugely competitive environment like a Pasadena. There are six applications, but 200 people apply for it. Why would they let fraudulent cannabis business owners or investors into their city? So, but you have to understand is that it’s not just keeping these records to backup some type of financial investigation. It’s to keep your investors happy, to keep the IRS happy, and to keep yourself in a sound mental state so you know that the business is performing where you need it to perform at. So if we hit a point to where you actually need to engage a forensic accounting firm, I want to walk you through some of these steps about selecting a forensic accounting firm. Now the ultimate deliverable from a forensic accounting firm is going to be a report and it’s typically hundreds of pages that document the scenario, the evidence and their opinions and findings.

Now the report at this firm will be developing, will be used, I think I said it’s already a couple of times it’s going to be used in court as evidence to explain the depth and the nature of the financial crime at hand. So you want someone who’s credible at the defense cannot tear apart easily. So find someone who has been through this process and don’t risk this on someone who’s brand new in forensic accounting. You really, really want to be thoughtful in who you engage on doing this process for you. So first you’re going to want to rely on recommendations to start your search. Maybe even choose someone who won against you in a court case. You know, that was maybe one of your clients. Maybe you ask your CPA, Hey, have you been into, you know, a court case where forensic accounting was at and you lost?

Boom. You may want to go with the person who produced a report in that scenario or ask your CPA, Hey, did you guys work with anybody who was, you know, very, very successful in helping one of your clients. Start there with the recommendations. Ask other business owners that you may know and start there by interviewing. Some of these people are making a shortlist and we’ll get to other considerations before you start your interview. Now the second thing is you’re going to want to look for someone with cannabis industry knowledge. That’s very, very important. Or at least someone who specializes in cash-heavy industries because it’s not just following a bunch of digital footprints and bank accounts and wire transfers, but it’s helping to reconstruct a lot of these offline records and then creating that story that ties everything together. And that’s going to limit your pool of people because not a lot of people have cannabis industry knowledge or experience because it’s so new.

But if they do, it’s a plus. And if you can’t find anybody, at least find someone who has experienced in a cash-heavy industry, then from there you’re really gonna want to rely on credentials and their experience. So you want someone with a very decorated nd deep professional career, hopefully someone with big four accounting firm experience and you’re going to want someone who specializes in this. Someone who’s been a previous expert witness and given testimony is a big, big plus. You want to read through their cases and the court opinions that resulted from their expert testimony and do the actually specialize in this type of work? Are they specifically a forensic accountant? Because it’s not just basic debits and credits. This is a very specialized type of accounting investigation and again no general CPA or bookkeeper can be trusted with these types of projects. Then you’re going to want to look for certifications.

You’re going to want to have a CFF credential, which is someone certified in financial forensics and that’s issued by the American Institute of certified public accountants and the CFF credential is granted exclusively to CPAs who demonstrate considerable experience in forensic accounting through their knowledge, their skills and their experience. The CFF encompasses fundamental and specialized forensic accounting skills that CPA practitioners apply in a variety of service areas including bankruptcy and insolvency, computer forensic analysis, valuations, fraud prevention, detection and response, financial statement misrepresentation and economic damages calculations. And then you also want someone with an MAFF credential, which is a master analyst in financial forensics and that’s issued by the national association of certified valuators and analysts. Now the Maff credential is designed to provide assurance to the legal community, the primary users of litigation consulting services that the designee possesses, a level of experience and knowledge deemed acceptable by the Institute to provide competent and professional financial forensic support services.

This is very, very important to have these types of certifications and there are many others, but at least these two, and then you want social proof and professional affiliations. You want to look at that. Are there any accounting associations that they’re a part of, especially ones that are focused on forensic accounting and any honors or awards that they’ve been given. Now, this is not the most important, but it shows that other people in the space are recognizing their work. Now you also want to look at their education. Where did they study? How long ago? Do you know any of their classmates? Maybe you want to reach out to some of their classmates. If you know them and get a kind of feel for this person who they are. Then you also want to look at speaking engagements or any media that they’ve done and why is this important?

Well, they may need to speak in the court of law about what they found. Now they just can’t be only a numbers person without the ability to explain their findings to a layman. Right? These are very, very detailed and complex issues. So being able to break it down and being able to help someone with little to no knowledge of accounting is critical to developing a convincing argument in court. If this actually goes to trial, things like have they testified on Capitol Hill, have they appeared on TV or radio or any podcasts? Or maybe they’ve been quoted in industry publications or been in newspapers or magazines. Look through these, watch these different segments or listen to them, see how well they compose themselves. So those are a few things to look at and understand that choosing the right firm is critical because this is the person who’s going to help you build a solid case by producing that detailed report.

And you want to make sure that you have the right person for the job. And if this is something you feel is way over your head and you don’t want to do this, you just want to operate your business or you just want to figure out the issues, you can engage a firm like GreenGrowth CPAs to help you go through the due diligence of finding the right friends. Could counting from, you know what we’re talking about here today is something we’ve got deep experience in. We’ve helped many of our clients go through a forensic accounting analysis to help prove particular CEO issues and partner issues. You know, this is not something that is new to us. We can help you through this process. So if you need help with going through that, please reach out to us and we can help walk you through the due diligence process and selecting the right friends.

Could accounting firm for your situation. Now after you go through the forensic accounting examination and through all the due diligence of that, it’s a very complex thing. We could go and take it 30 different angles. You know they’re going to come out on-site, go through lots of documents, they’re going to interview. A lot of people, they’re going to figure out your operation. They’re going to pretty much peel back every layer of onion to make sure that no stone has been unturned and make sure they figure out everything that’s going on within the business financially. From there, they’re going to produce a final report for you. It’s hundreds of pages long. It could be thousands depending on how detailed the cases and how complex the cases, so what do you do with that report in that final report there, the first thing you’re going to do is read it to yourself and develop that best final draft.

It’s typically a back and forth thing where you in the forensic accounting firm or your senior team and your investors, whoever is going to partner with the firm to get that final, final report. You’re going to ask a lot of questions of the forensic accountant and ask them to make things more clear because completeness in a clear train of thought and analysis are the most important things once you complete this engagement because again, this is going to be used in the court of law. Some things you want to review and pay attention to are clear details of the writer and accountants’ credentials, all the things we reviewed in the last slide. You want to make sure that that is very clearly laid out in a consumable manner so people know that the person producing this is the right person and is very, very competent in this type of work.

Next, you’re going to want to make sure that there’s a detailed explanation of the forensic accountant’s assignment and why they’re actually being engaged to do this, and then you want to make sure that there’s a detailed explanation of the forensic accountant’s methodology. It cannot just be haphazardly done. That can’t just walk in guns ablaze in saying, give me all this. I want them to lay out exactly what they did and how they got to their final opinion. Then you want to get a concise analysis summary and a final opinion with a summary of the forensic accountants’ findings. This is very, very critical that they lay out what they found through their analysis. And lastly why this report can be very, very long is that they’re going to attach a lot of exhibits in documentation and specimens that are going to be used to back up the report that they produce for you.

Now, what you do with the final report, this is a very open-ended type of scenario because it varies on the specific scenario, but you know what you can do and what you typically do to start these things out. You circulate this report within your company to make sure everyone has buy-in on this report and then you’re going to send it to the defense counsel and ask for response within 30 days and you say, Hey, these are the findings of ABC firm or person with X, Y, Z credentials. We believe these facts and findings to be true and accurate. Please respond back within 30 days with our requested remedy, or we will file a lawsuit in ABC court, right? You always want to put some pressure and let them know what the next steps are and you have to wait that time, whatever it is, 30 days, 14 days, 60 days, whatever you want, whatever your legal counsel recommends that you do.

And very rarely will anyone just admit fault right away and just fold like a house of cards like, Oh, you got us, we’re done. You know there will be some back and forth between the legal counsels, right? You’re not going to do this all alone and we highly suggest that you do not do this all on your own. This is something that lawyers will take care of for you. Your CPAs will take care of for you, but at any rate, the back and forth will happen and in most cases you will have to file a lawsuit and take this to court. Now, how that results in how that goes away. Sometimes people don’t think that you’re going to file. Once you file, you’ve called their bluff and they just fold and they say, okay, we’ll take care of it outside of court. Most cases want to settle outside of court because they know what the final result would be because you’ve given them, Hey, remedy it this way.

When you go to court, it could be much, much worse. It could be much, much easier for them, but as you go into litigation, you’re both going to have to incur legal costs, which would get really, really out of hand depending on the price of your lawyers, the length of time of the case. It gets really, really big at that point and the stress of the unknown. You never know how a case is going to shake out until it actually finishes. So you never know how this is going to shake out. I wish I could tell you more concretely, this is how things actually fully go, but this is the initial steps once you get that final report. So I know we’ve covered a lot here and I want to just cover some key takeaways and there’s probably some unanswered questions, maybe a lot of unanswered questions, maybe starting to think all, we may need to go into this, but let me cover some key takeaways first.

So the first thing I want you to understand is that fraud and financial misrepresentation is much more prevalent than you think. But in all-cash businesses like cannabis or cash-heavy industries like cannabis, the problem can be much harder to detect and the fraud and the level of that can be much, much higher and exacerbated very quickly. Secondly, financial crimes are going to be more in the spotlight over the next few years. So it’s incredibly important that you set up systems right now, especially if you’re a pre-operational business or you’re in your early years, set up these systems to protect your business yourself and your partners and your investors to avoid gross negligence from any kind of fraud issues and you know, forensic accounting, things that come up later, but also against the IRS in that Alterman case is a very, very big example of that. So get these systems set up now, do not let accounting be an afterthought.

Third, I want you to understand that you need to really take your time and do your due diligence to find the right forensic accountant. Do not rush to the process of choosing somebody because you just want this to be over with. Choose the right person so that you can get the desired or close to the desired end result that you’re looking for. And lastly, completeness and detail of the report are incredibly important. This is the crux of the case. This is the linchpin of your entire case. So make sure that the person you’re hiring is going to do a complete and detailed and thorough analysis of your business or of any of the entities in things, in persons and people involved within this potential financial crime here. So hopefully this presentation has brought you some value and you understand a little bit more about forensic accounting and when this needs to be brought into the process of looking at your business, especially assessing the financial of your business.

And if you need help with getting started and doing that accounting analysis or initial audit, then please reach out to GreenGrowth CPAs by visiting our website at GreenGrowthcpas.com or give us a call at (800) 674-9050 we’ve helped many, many businesses do these accounting analyses and audits and you don’t always have to go to forensic accounting. We don’t always find financial crimes or misrepresentation. Sometimes the books are just really, really disorganized and it was a misunderstanding and people just didn’t know what was going on. And once you get a seasoned CPA team in there and accounting firm to get in there, set things up for you properly, then you can realize, Hey, we were just messy, messy, messy with our accounting, everything’s actually good and we are making money or we’re not losing as much as we thought we were. So I highly recommend if you do not have your hands fully around the financials of your business and you don’t understand, or your investors don’t understand the financial standing of your business, that you need to go through one of these accounting analysis or an audit. So if you’re in that scenario, then please reach out to GreenGrowth CPAs by visiting our website at GreenGrowthCPA.com or give us a call at (800) 674-9050 have a great day and we’ll talk to you soon.

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