Do you know the signs of financial distress in a business? Financial statements tell only part of the story. Investors, lenders and other stakeholders who know how to identify red flags of impending problems can protect their own financial interests. Potential red flags include high employee turnover, inefficient working capital management and major changes in external market conditions that adversely affect the company. Additional due diligence may be needed to uncover these issues. Plus, the company might need to supplement its year-end financial statements with interim reports or more targeted agreed-upon procedures. Contact us for more information.
