What’s Your Take on External Audits for Small Businesses?

I’ve been thinking a lot about external audits lately, especially as I dive deeper into my trading ventures. I get that they can provide a good level of assurance for financial statements, but I’m curious about how they actually impact small businesses, especially in our space.

Do you guys think the benefits outweigh the costs? I’ve heard mixed opinions—some say it’s essential for credibility, while others feel it’s just an unnecessary expense. Have any of you had experiences with external auditors that changed the way you view your business or trading practices? I’d love to hear some real stories or insights from anyone who's gone through the process!