Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so CPA’s provide three levels of assurance to meet your needs.
Bystricky & Co. offers Review and Compilation of financial statments.
Audit – Highest Level of Assurance
An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
An audit includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on the audit findings, a report is issued on whether the financial statements are fairly stated and free of material misstatements.
An Audit allows you to…
•Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.
•Comply with banking covenants.
•Help deter and detect material fraud and error.
•Facilitate the purchase and sale of businesses.