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Startup Accounting

SaaS Audit Readiness: Your First Financial Audit

Written by Harry Prabandham

Curated by Rubric Financial

Last updated

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When You Actually Need an Audit

  • Most startups need an audit at Series B or later, when a lead investor, lender, or acquirer requires one.
  • Know the ladder: a compilation is lowest assurance, a review is limited, an audit is full assurance.
  • Do not buy more assurance than the situation demands, since cost rises steeply.
  • Waiting until it is required, with messy books, turns a manageable project into a scramble.

About the author

Harry Prabandham

Founder & CEO

Founder and CEO of StartupCFO. MBA from Wharton, MS in Computer Science, and decades of experience building and advising venture-backed startups.

More articles by Harry

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