Reliable Audit Services for U.S. Businesses
Audit and Financial Review Services, for U.S Businesses
What We Offer
Our Financial Review & Reporting Support
Businesses might need financial records and the papers that go with them when getting ready for an audit answering questions, from lenders or looking at how well the business is doing financially. We assist businesses in arranging their accounting details and making the documents to make the review process easier.
Understand the money side of your business with organized records and clear financial information. Our financial review help makes it easier to find problems point out areas that might need focus and make sure the money records are correct so you can make better choices for your business. Our financial review help makes it easier to find problems point out areas that might need focus and make sure the money records are correct so you can make better choices for your business.
Need financial statements, for business planning or reporting? We help organize your data and prepare reports based on the information provided. Monthly quarterly or annual reporting can help you track income, expenses and overall financial performance.
Common Questions
Frequently Asked Questions: Audit & Assurance
A financial statement audit is an examination of a company’s financial records, accounting practices and financial statements. The purpose of a financial statement audit is to obtain assurance that the financial statements are free from material misstatement and are prepared in accordance with the applicable accounting framework, such, as U.S. Generally Accepted Accounting Principles (GAAP).
An independent financial statement audit helps make a companys financial information more trustworthy. It gives business owners, investors, lenders and other people who rely on the company’s finances confidence. When an audit is done it can show where the company’s accounting methods, internal checks or financial reporting might need changes. This can lead to practices and stronger financial management.
Financial statement audits are usually done by Certified Public Accountants or CPA firms that have the right qualifications and licenses. You need to think about state rules for getting a license professional guidelines, rules about being independent and any state laws that apply. Companies that are public might also have rules, about how auditors are registered and watched.
The time it takes to finish a financial statement audit depends on the size of the business the difficulty of its transactions the quality of its accounting records and the availability of supporting documents. An audit for a business might take a few weeks but an audit, for a bigger or more complicated business could take several months. Keeping records in order and answering requests quickly can make the whole process go smoothly.
Not every U.S. business is legally required to obtain an independent financial statement audit. Audit requirements may depend on the company's legal structure, whether it is publicly traded, lender or investor agreements, industry regulations, and federal or state requirements. Certain organizations receiving federal awards may also be subject to specific audit requirements. Businesses should consult a qualified CPA to determine which requirements apply to their circumstances.