GAAP. IFRS. FASB. FIN. ASC. It seems accountants love acronyms! Like the rules they represent, they can be difficult to understand and even harder to apply. But as your business grows, it is likely that at some point you will want to raise outside capital in the form of debt or equity. When that happens you may be required by your bank or investors to obtain some level of financial reporting assurance from an outside auditor. Similarly, if you are considering selling your business, your potential buyers may want the same level of assurance. And if you are a non-profit, your board may require it or you may receive grant support that requires some level of assurance on your financial statements. Essentially, an audit, a review or a compilation can be thought of as a cost of doing business in a world where outside capital is required. It provides financial statement users with some level of assurance that the financial information being presented to them adheres to particular financial principles.
Our Assurance professionals have years of experience providing our clients with these services. By applying our “Service Delivery Promise” to these engagements, we promise to make the process as painless, efficient and cost effective as possible.
- Audits, reviews and compilations
- Agreed upon procedures audits
- Employee benefit plan audits