Sareen and Associates offers audits to our business clients. We offer many types of financial audits, up to, and including, those conducted by a CPA. An audit performed by a CPA offers the highest level of assurance regarding the financials of the business in question.
The primary goal of an audit is to express an opinion on two aspects of the financial statements of your business: the financial statements are fairly and accurately presented, and the financial statements adhere to GAAP (Generally Accepted Accounting Principles). The purpose of these rules established by the accounting profession at large is to promote consistency and fairness in financial reporting throughout the business universe. Standards in accounting, just like standards in anything else, allow interested parties to make meaningful comparisons in performance.
Defined this way, the primary purpose of a set of audited financial statements is for the benefit of entities interested in the organization’s financial statements, such as banks, government agencies, investors, franchise organizations, and so forth. Part of any audit is to make an assessment of the latent risk of fraud and perform steps to detect the presence of ongoing fraud. However, a basic audit is not designed to find out how much has been taken; that is a different type of audit process.
Sareen and Associates has experienced audit personnel on staff, and we’re happy to customize an audit to fit the needs of your particular business. We do many types of audits, so the chances are excellent that we can provide your business (and the parties that have an interest in your business) the confidence that a thorough review of the company’s financials has been performed and will stand up to the toughest scrutiny.
Contact us today and tell us what your needs are – we’re happy to help.
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