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Pages: my company is being audited by the gov [1]
Author Topic: My company is being audited by the gov
Horst

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Posts: 4

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2011-01-30 16-14-48

my company is being audited by the gov should i be worried? i fear the "corporate veil" has been more than pierced, it's in tatters.
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Kung

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Posts: 12

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2011-01-31 4-55-04-

worried how? do you work for some sort of terrorist organization?
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  • kegley

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    Posts: 4

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    2011-01-31 16-55-10

    no, i'm worried they might ask me questions and it will be awkward. i may start packing a cyanide pill for lunch. (kidding)
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    howard

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    Posts: 3

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    2011-01-31 20-53-31

    Doesn't your management give you... ...a standard reply? When we have any audits we're generally asked to refer any stray auditors to management. They control the answer flow that way.
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  • hendrich

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    2011-02-02 19-29-49

    management?
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    bohler

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    Posts: 7

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    2011-02-03 2-58-54-

    As a veteren of several SEC audits, I can tell you that they never ask the right questions. They never ask "do you know of any violations of federal or state law." So I woudln't sweat it. They probably won't even talk to you. Unless you are in a position of authority, your only concern is "will the company be here tomorrow if this gets ugly?" And the answer is that the gvt doesn't want to put people out of business. They only want fine $$ and wrist slappies and a couple poster ren for time out as a warning to the rest of us. Fortunately for you, Martha Stwert, Kenneth Lay, and Skilling were already chosen.
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    luper

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    Posts: 16

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    2011-02-04 6-02-47-

    Now, Mr. bin Laden, you deducted $2.5M for... rocket-propelled grenades and launchers, but only have invoices totalling $750,000. Please explain.
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    audley

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    2011-02-19 18-59-45

    No prob if you're a worker-bee. Maybe a prob if you're an officer. Big prob if you're a principal AND there's something culpable happening.
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    madson

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    2011-03-04 5-37-18-

    Who is auditing? it's not uncommon for them to come in and audit for sales tax and payroll tax. You only have to worry about piercing the corporate veil if the company goes bankrupt and owes taxes and the govt wants to bust through corporate protection and get $ from the president/owner.
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    iser

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    Posts: 4

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    2011-07-04 7-42-50-

    the state of oregon whew! thanks, that helps. were you incorporated? (now for coming up with the last three years "minutes")
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    gentner

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    2011-12-18 4-09-40-

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    Greg

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    2012-07-05 4-16-02-

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  • Veriee

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    2013-03-16 1-54-50-

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