Pre/During Audit FAQs
- The auditor requests to access financial documents, and the policyholder wants the auditor/NEXT to sign an NDA. Is this permitted?
- I do not have any employees nor did I hire subcontractors. I have not filed my taxes and do not have a Schedule C, P&L, or Income Statement.
- Why are subcontractors required to be included in the audit?
- Why are you requesting officer/partner/member verification documents?
- Why do I have to provide 941s (Quarterly Tax Returns) if the audit isn’t based on the calendar year?
- I missed the audit due date. Can I get an extension?
- How do I complete my audit online?
- I have a PAYGO policy, why am I being contacted about an audit? I don’t have to do it/You have everything. Don’t you have my payroll information already?
- Who are the external vendors used to perform audits? Who is Lowry/Afirm?
- How should I prepare for a premium audit?
- Is the Workers Compensation Audit optional?
- What records are needed for the audit?
- What is a Premium Audit? Why do I need to do the audit?