Audit & Assurance
- June 8, 2021
- Posted by: admin
Our firm provides all the clients one of the three financial statements depending on requirements. The notice to reader is usually for internal purposes where as review and audit are for third parties. All these are signed off by the CPA and in the case of review and audit by the licensed public accountants.
Notice to Reader – compile financial statements based on information provided by client without assurance.
Review – Banks, third parties. Limited assurance and plausibility of account balances.
Audit – Using “GAAP” Generally Accepted Accounting Principles. For Charities with over $100,000 of revenues, Political campaigns, Condo Corporations, Bank loans, Government Grants, private loan agreements, etc.