Assurance and Attest Services
We provide three levels of reporting service on the financial statements. They are:
- Audit: An audit service provides the highest level of assurance on the financial statements. As the services most often required by clients, we are able to perform the following:
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Audits required by law, contract or partnership agreement covering year end or interim financial statements.
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Special due diligence audits before acquisition or reorganization.
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Audits limited to the areas specified by the client such as inventory, accounts receivable.
(In the United States, the above services can also be provided at a
limited level as below)
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Review: A review service provides a lower level of assurance than an audit.
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Compilation: A compilation service provides the lowest level of assurance.
Obviously the higher the level of assurance the more time is required to to complete the task. Therefore you should choose a level of service that is best suited to your requirement.
All audit, review or compilation services are conform strictly to the standards set forth in the Generally Accepted Auditing Standards (GAAS) as well as standards established by the American Institute of Certified Public Accountants (AICPA).
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