Compilation, Auditing, and Attestation Services
To understand the growth and financial health of your business, specific financial statements are needed to assess its performance and develop the best strategy moving forward. These statements may require an audit, compilation, and/or attestation service performed by a professional to provide assurance that your enterprise is doing well.
At Perpetual CPA, we have over 10 years of experience financial reporting, public audit and business advisory consulting. Our multi-faceted skill set can positively influence the improvement of your financial health based on the assessment acquired from these services.
Attestation services are those when a CPA attests to the unbiased and fairness of the financial information presented within a report that compiles the findings. Depending on the services chosen, audits, reviews, or compilations will allow for a level of assurance that can be used to restructure your financial strategy and allow for further proof for investors to support your venture.
As the most basic level of financial statement service, we use this to ensure your company complies with generally accepted accounting principles. Compilations organize your financial data into a financial statement by a third party CPA. However, compared to an audit, a CPA cannot provide an opinion or assurance about the statements. They can read over these financial statements to determine that they are appropriate and free of material misstatements.
Audits are the highest form of assurance that your financial statements are accurate and compliant with regulation. These financial statements provide clients with an independent auditor’s opinion confirming that financial statements in all material respects report their company’s financial position and health. Performed by our CPA, we can confirm whether the financial statements accurately represent the entity’s financial position and can be used when seeking additional financial support from investors and banks.
Reviews are at the second level of assurance. Our accountant obtains limited assurance that there are no material modifications that need to be made to the statements to conform with US GAAP. This does not measure the level of assurance of an audit, but higher than a compilation. Reviews must be performed in accordance with the Statements on Standards for Accounting and Review Services.
These attestation services offer business owners an understanding of the differences in their financial health and determine how to move forward to develop your financial strategy. Schedule a consultation with our office if you require a level assurance needed to acquire investor and shareholder support.
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