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Traditional Services - Assurance Services - Tools & Resources - Articles & Publications |
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When do I need an audited financial statement?
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Typically you need an audited financial statement to satisfy the requirements outlined by lending institutions, outside investors, multiple shareholders or regulatory agencies. An audit provides the highest level of financial statement assurance and also includes the assessment of accounting principles used and an evaluation of the overall presentation.
An audit is conducted in accordance with generally accepted auditing standards (GAAS). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. An audit satisfies external reporting requirements for leading institutions and regulatory agencies.
If you would like more information regarding our Auditing services, please contact Jeff Ward or Tom Valenti.
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Our goal is to go Beyond your Expectations |
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