The Crucial Role of External Annual Audits in Ensuring Long-Term Success
For any company aspiring to achieve longevity and stay competitive, external annual audits are indispensable. Having a great product, strong leadership, and an attractive compensation plan is important, but it's not enough on its own.
The real challenge lies in ensuring the sustainability of your compensation structure—carefully balancing payouts with actual income, and managing costs of goods (COGs). This is where the expertise of external audit firms becomes invaluable.
At Gavel, we collaborate closely and confidentially with these audit firms, guiding them through the intricate definitions and potential contradictions that are inherent in running a Direct Selling or MLM operation. Our deep understanding of the industry allows us to navigate these complexities, ensuring that your business remains compliant, transparent, and poised for long-term success.