FINANCIAL STATEMENT AUDIT SERVICES
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.
With a financial statement audit you get the highest level of assurance because our examination extends outside of your company. For example, we will typically have written communication with your customers, banks, vendors and attorneys to check outstanding receivable balances, confirm cash or debt balances and terms, verify outstanding payable balances and gather information on pending or threatened legal action, if any.
We document and audit each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. We also perform physical inspections by observing your inventory counting methods and performing test counts. Our financial statement audit includes a detailed work program to document the examinations and testing performed, as well as the supporting work papers. Our services also include a Report to Management which provides detailed conclusions and recommendations for improving your internal accounting systems and controls.