Proven Expertise in Audits and Reviews
As a business owner, you may be accountable to creditors, private investors, and shareholders, all of whom are interested in ensuring that the company’s financial statements accurately represent the true financial position of the company.
There are two types of assurance services that CPA provides:
Reviews. More involved than a compilation, but not as comprehensive as an audit, reviews provide “limited assurance.” Key personnel are interviewed about the company’s accounting policies and procedures, industry, operations, and financial statements. A review report is issued as well.
Audits. Audit services are the highest level of service provided. We work closely with key personnel to gain knowledge of internal control systems (“checks and balances”). Verification and substantiation procedures are performed in accordance with Generally Accepted Auditing Standards (GAAS) or Generarly Accepted Government Auditing Standards (GAGAS), where applicable
Audit or Review?
You may be wondering which one is best for your business. The answer depends on the level of assurance or financial accuracy that you want. For instance, you may decide a review is all you need this year, but in subsequent years, you may decide that an audit provides better information about your financials and enables you to make better decisions about the future growth of your company.
We Look Forward to Helping Your Business Achieve Financial Success!
Whether your business or organization needs an audit or review our experienced team of CPAs, accountants, and tax professionals is here to help.
Not sure which level of assurance your business needs? Contact us using the form below.