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Reliable Tax Audit Services

Do you want to elevate your business performance with expert auditing services at Sareen & Associates? One of the essential services that companies use to keep tabs on their financial affairs is auditing. Auditing services emphasize on providing clear and methodical financial statement audits to provide insightful information about your organization, going beyond the records assessment and approval procedure alone. In order to ensure regulatory compliance, our team of skilled auditors in Northern Virginia, conducts a precise, detailed, and uninfluenced audit.

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    40+ Professionals

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    30+ Years of Experience

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    6000+ Happy Clients

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    4.7/5 Rated On Google

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    98% Client Retention Rate

    Navigate Regulatory Changes with Confidence

    Maintaining accurate and compliant financial records is essential to the profitability and long-term viability of your business in the ever-changing digital world of today. We at Sareen & Associates know how important financial integrity is, and we've created dependable audit services that will give you trust in the financial records of your company.

    Our team of seasoned auditors is dedicated to helping you navigate the complexities of auditing procedures, ensuring that your financial statements are accurate, transparent and compliant. With a focus on detail and adherence to regulatory standards, we work closely with you to identify potential risks, strengthen internal controls, and enhance operational efficiency.

    Take proactive steps to fortify your financial foundation and unlock new opportunities for growth. Contact us today to explore how our reliable audit services can elevate your business to new heights.

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    Types of Accounting and Book Keeping Services

    Types Of Auditing Services

    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.

    • Internal Audit
    • Financial Audit
    • Compliance Audit
    • Tax Audit
    • Operational Audit
    • IT Audit
    • Forensic Audit
    • Performance Audit
    • Integrated Audit

     

    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.

    Key Benefits Of Audit Consultation Services

    Fresh Perspective

    External audit consultants bring a fresh set of eyes to review processes, identify issues, and notify the areas of improvement. This unbiased approach can reveal areas that internal teams may have overlooked.

    . Extensive Expertise

    Audit consultants have in-depth knowledge of accounting standards, compliance regulations and best practices. They can provide guidance on finance management, accounting and bookkeeping, internal controls and much more.

    Technologically Enhanced Audit Quality

    Consultants frequently have access to up-to-date audit softwares and tools. They can recommend improvements in audit processes.

    Reporting Insights

    Audit consultants are skilled at varied aspects of businesses. This makes them skilled at extracting audit insights and presenting meaningful management information to highlight key issues.

    Stakeholder Confidence

    External consultants add credibility and validity to the audit results. This provides assurances to investors, regulators and other respective stakeholders.

    Why Small And Medium Sized Businesses Require Tax Audit Services?

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    Lack Of In-House Expertise

    • Small businesses or medium sized businesses rarely have an in-house audit team. Outsourced audit consultants provide specialized expertise in assessment, risk controls, and assurance.
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    Data Analysis

    • To perform informed decision making through accurate data insights, professional audit consultants are your go-to buddies. Audit consultants analyze the massive amount of data to spot trends, red flags and metrics that SMEs may miss.
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    Tax Optimization

    • Consultants advice on tax planning strategies to lower tax obligations and avoid missteps or penalties.
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    Process Improvements

    • Consultants can critically evaluate current audit processes and recommend enhancements, leading practices and automation to increase efficiency.
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    Supplement Bandwidth

    • Consultants expand capacity of small internal teams during critical audit periods so they can focus on other priorities.

    Who Should Opt For Tax Audit Services In Northern Virginia?

    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.

    • Small And Medium Sized Businesses – SMBs in Northern Virginia often lack robust in-house teams for finance management and need assistance navigating audit requirements. Audit consultancy services can provide support in ensuring financial integrity, compliance and operational efficiency.
    • Businesses Seeking Financing – Consultants lend credibility with audited financial statements required by external investors and reporting requirements for public companies.
    • Healthcare Providers – Hospitals, clinics and healthcare facilities in Northern Virginia may seek audit consulting to ensure compliance with healthcare regulations, optimize revenue cycle management and enhance operational efficiency.
    • Manufacturing And Distribution Companies – Businesses operating in the manufacturing and distribution sectors can benefit from audit consulting services to improve inventory management, supply chain management and cost control measures.
    • Organizations Undergoing Change – Mergers, acquisitions, restructuring and ERP implementations require consultants to audit complex transactions and new processes.

    Documents Required For Tax Audit Services

    List of documents for tax audit services include -

    • Bank Statements
    • Financial Statements
    • Bank Statements
    • General Ledger
    • Accounts Receivable And Payable Records
    • Tax Returns
    • Payroll Records
    • Expense Reports
    • Purchase Orders And Invoices
    • Inventory Reports
    • Contracts And Agreements
    • Invoice, Purchase Orders And Other Support Documents
    • Insurance Policies
    • Minutes Of Meeting
    • Internal Control Policies And Procedures
    • Compliance Reports
    • Audit Trails
    • Data Access And Security Protocols
    • Legal Correspondence And Regulatory Findings

    Our Process

    Audit consultants provide independent assurance and value to companies by enhancing the reliability of financial reporting, operational efficiency, and regulatory compliance. Let us explore the steps they follow -

    1

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    Initial Consultation

    2

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    Data Analysis

    3

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    Risk Assessment

    4

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    Audit Execution

    5

    Remediation Support

    6

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    Reporting And Recommendations

    Talk to an Expert

    Why Choose Sareen Tax?

    Founded in 1993 at Sareen & Associates, we are committed to excellence and dedication in providing unparalleled accounting and bookkeeping services tailored to the unique needs of varied businesses. Our comprehensive range of services eliminates the need to juggle between multiple providers, enabling you to embrace peace of mind.

    • Skilled Professionals - Our team comprises of exceptional skill set with a wealth of expertise in accounting and bookkeeping needs,
    • Extensive Experience - With years of experience in addressing issues like yours, we provide you confidence and assurance that drives your business growth.
    • Comprehensive Services - We provide a range of services corresponding to your small
      business or mid sized corporations, all under one roof.
    • Diverse Expertise- We are a team of accountants, bookkeepers, tax administrators, CPA’s and more ensuring all your needs are met without the hassles of navigating complexities.
    • Proactive Approach - With our monthly operations, paperwork remains manageable and you never fall behind, ensuring smooth and efficient business operations.

    OUR SERVICES

    Our Core Competencies

    Meet our team

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    Corby Wester, Payroll
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    Doug Mort, CPA
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    Pramod Gupte, CPA
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    Leonard Goodman, CPA
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    Ken Prohoniak, CPA
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    Rajesh Kumar, CPA
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    Arun Sareen, CPA

    TESTIMONIAL

    Client Opinions & Reviews

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    Shawlik
    Comma

    “I can’t thank Sareen Tax enough for their exceptional service. From individual returns to business tax planning, they’ve been an invaluable partner. Transparent pricing and expert advice – a truly reliable tax service!”

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    Daisy
    Comma

    “Sareen Tax Services has been our go-to for years. Their expertise in complex tax matters and dedication to client satisfaction are unmatched. Timely filing, personalized strategies – they deliver results!”

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    Mary R.
    Comma

    “Choosing Sareen Tax was a game-changer for my small business. Their knowledgeable team provided invaluable guidance, ensuring compliance and maximizing deductions. Trustworthy and reliable – a top-notch tax service!”

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    Phil
    Comma

    “Sareen Tax Services exceeded my expectations! Their attention to detail and personalized approach to tax planning saved me money and eliminated the stress associated with tax season. Highly recommend!”

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    Types of Accounting and Book Keeping Services

    INDUSTRIES SERVED

    Navigating Complexities With Expert Precision

    In the intricate landscape of modern business, the need for specialized financial services tailored to the unique requirements of varied industries. Accounting and bookkeeping firms play a pivotal role in offering such tailored solutions, catering to a diverse array of industries spanning from traditional sectors to emerging fields.

    • Communications
    • Cleaning services
    • Automotive
    • Technology
    • Contractors
    • Construction
    • Home Health Care
    • Franchises
    • Government contracting
    • Hotels/motels
    • Import/export
    • Logistics
    • Lawn & landscape
    • Restaurants

    Areas We Serve

    FAQ

    Frequently Asked Questions

    Key situations warranting audit consultants include regulatory requirements, IPO readiness, significant growth, mergers and acquisitions, internal control failures, and the need for an unbiased assessment.

    Consultants assess financial statements, internal controls, compliance, policies, processes, procedures, technology, and operational areas within the agreed scope to identify risks, gaps and opportunities.

    Consultants improve quality through technical expertise, compliance knowledge, risk assessment techniques, audit tools and software, sampled inspection, analytical procedures, and detailed reporting.

    Consultants must comply with standards like GAAS, GAGAS, PCAOB and other regulatory guidelines applicable to the entity and jurisdiction.

    Consultants only provide recommendations, not execute management functions. Implementation and decision-making remains with client management.

    OUR NEWS DESK

    Latest News & Blogs

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    • Feb 25, 2024
    • Sareen & Associates, Inc

    Navigating IRS Disputes: Tips from Tax Professionals

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    • Feb 12, 2024
    • Sareen & Associates, Inc

    Taxpayer Rights: Understanding Your Options with IRS Notices

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    • Mar 25, 2024
    • Sareen & Associates, Inc

    Your Tax Return Should Stay Private – Why You Should Say No to TurboTax’s Data Grab

    Support

    More Questions? Seek Help of an Expert

    (703)366-3444 info@sareentax.com

    Arun’s Arunism’s

    “Either you are green and growing or you are ripe and rotting”

    “Accountants don’t retire, they just go out of balance”

    “5 P’s of business: Proper Planning Prevents Poor Performance”

    “When you fail to plan you plan to fail”

    “If your business is not successful, you need a check up from the neck up”

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