Shareholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company. Your shareholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs
- Audit - An Audit is the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including verification of specific information as determined by the auditor or established by general practice.
- Review - This is less extensive than an audit, but more involved than a compilation. A review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team.
- Compilation - Here we present information that is the “representation of management” and express no opinion or assurances on the financial statements.
Each type of financial statement report may suit specific circumstances, depending on requirements from your client’s bank or other parties, as well as meet budgetary needs. Understanding each report’s unique strengths and weaknesses can help you choose the most appropriate one.
Through our group of Audit Firm (Kantor Akuntan Publik), we provide a full range of audit and assurance services to small and medium-size businesses and nonprofit organizations. Our audit engagements go beyond providing a report on your financial statements. Each engagement provides us an opportunity to learn more about your organization and provide feedback that helps you strengthen internal controls, improve operating efficiency, and reduce expenses.
Please call if you have questions about which type of report is right for you.