Audited Profit & Loss Statement for Refinance

Forum|Forum|5 years ago
August 15, 2020
1 reply
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I am trying to refinance our house but they are requiring me to get an audited profit and loss statement form Jan-July 2020. I prepare our own taxes using Turbo Tax Business. I've called around to local CPA's and they wont help me unless i am an existing client. Any advice???

LudwigVan_fan

Employee

Are they requiring a certified audit; or, an audit? There is a difference.

If not requiring a certified audit, then if any LPAs exist in your state anymore (Licensed Practical Accountants - they are a dying group, if not all ready extinct) they could do an "audit", but not necessarily a certified audit.

If needing a certified audit, as far as I'm aware, only a CPA can do that. Why won't the CPAs do an audit if you pay for it? Perhaps you'll have to try a regional firm? Single office or small office....I guess if they won't do it for a fee I don't know of a solution.

Good luck

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