We specialize in audits and reviews of for-profit entities. A comprehensive Audit provides the highest level of assurance on an organizations financial statements. At the conclusion of an audit, the CPA firm gives an opinion on the financial statements. The purpose of the opinion is to provide reasonable assurance that the financials are presented fairly in all material respects, in accordance with accounting principles generally accepted in the United States of America (GAAP).
Public companies are required to have their financial statements audited annually. Some nonpublic (private) companies are also required to have audited financial statements for investors, banks, regulators, etc.
Readers of financial statements rely on CPA’s to provide opinions on financial statements produced by management to increase their confidence that the reports are free from material misstatement.