Audits are typically performed because outside third parties (such as banks, creditors and investors) require an auditor’s opinion on organization’s financial statements. The objective of an audit is to express an opinion about whether the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles (GAAP) or some other financial reporting framework.
Audits are often a lengthy process making it important to work with a CPA firm that strives for timely and accurate delivery of services. At Emerick & Company, we believe that delivering efficient and cost effective audits on time and without surprises is important. We recognize the benefits of a well-planned, proactive approach and develop a project plan that fits within your organization’s schedule.
Whether your reporting needs are driven by internal or external users, these services are designed to assist you in preparing and presenting meaningful financial statements that provide an appropriate level of credibility and reliability in order for you and your investors, creditors, board members or others that do business with you to properly evaluate your business/organization and make informed decisions.
Reviews – Financial statement review services offer an evaluation of your organization’s financial statements using management inquiries, analytical procedures, and our knowledge of the industry and your particular organization. The scope of a review is less than that of an audit, but the resulting report provides a limited level of assurance that there are no material modifications that should be made to the financial statements.
Compilations – Financial statement compilation services provide for the assembly of your organization’s financial data from your accounting records into the form of financial statements. Unlike an audit, no opinion is expressed about the information in the financial statements; however, the user is informed that the financial statements are presented in conformity with U.S. generally accepted accounting principles (GAAP).
Please contact us here if you would like to discuss your needs or request a proposal.