How startups can prepare for a first-time audit

Building something is exciting. The feeling of seeing an idea blossom into an enterprise is what entrepreneurs and innovators live for. Watching as people buy into what you are doing, as they commit capital and allow you to scale in new ways, is invigorating. Eventually this can turn into something larger, something that is ready to be bought by someone else or hit the open market for an initial public offering (IPO). Oftentimes, you could also be looking for new investment or larger private capital…