A small business financial audit thoroughly examines the company's financial records and four primary financial statements. There are several key components to consider when conducting this type of audit. First, the auditor should verify the accuracy of the financial descriptions by comparing them with underlying documentation, such as invoices and receipts. By digitizing receipts, Shoeboxed makes it easy to search and access any receipt or document that has been scanned into your account. Next, the auditor should assess the company's internal control systems, ensuring proper authorization, recording, and monitoring procedures are in place. Additionally, the auditor should evaluate the company's compliance with relevant tax laws and regulations.