Financial Audits

Corporate audits are a critical part of ensuring your company’s financial well-being. Audits are the most thorough financial statement service we provide and, therefore, they provide the highest level of assurance, higher than a compilation or review. Audit reports may be required by banks, bonding companies, or other parties, and an audit may be necessary when selling your business or seeking investors or financing.

The outcome of the audit process is our report, in which we evaluate the accuracy of your company’s financial statements per generally accepted accounting principles (GAAP) and determine whether they are free of material misstatement, error, and fraud. To do so, we perform observations, tests, and comparisons and gather relevant evidence for use in our evaluation. Among other things, this includes

• Evaluating internal control system
• Testing documentation on transaction classes and account balances
• Confirming accounts receivable with a third party
• Performing analytical procedures
• Interviewing management and relevant parties on operations and financial reporting
• Physical inspection

When this process is completed, we issue our report containing our opinion on the status of the company’s financial statements. We will also alert you of any weaknesses in your company’s internal control system, which allows you to rework and improve your system.