The audit is the highest degree of assurance a firm may provide while seeking lender credibility or preparing for a sale or merger. It provides a clear financial picture for every business. Because the company's credibility is on the line, audits must be carried out with extreme precision. It's also worth mentioning that each financial statement requires a distinct level of confidence, which is why we offer three levels of assurance: audit, review, and compilation. If you have a thorough understanding of each level, you can select which level of service is best for you.
Bali Glints Company
Tax planning
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An audit is a neutral and objective examination of a company’s financial accounts, regardless of its size, type, or legal structure, with the purpose of giving an opinion on the financial statements via an audit report.
The primary purpose of an audit is to determine if the financial statement presents an accurate and fair image, with a secondary goal of determining whether the financial statements issued by the client include any mistakes or frauds.
In many circumstances, a review provides modest financial statement credibility, which is sufficient for a corporation and its creditors. As a result, it functions as a form of mid-level assessment. In more technical terms, it indicates that there are no significant mistakes in the financial statements.
To assess if any revisions to the financial statements are required, our team does the necessary investigation and analysis.
A compilation is the presentation of financial statements by an independent accountant without any commentary. It’s an internal report that indicates the financial position of a corporation.
Our compilation services are performed in accordance with the American Institute of Certified Public Accountants (AICPA) standards (AICPA).
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info@libretaxservice.com
18946 Vickie Ave, Cerritos, CA 90703, USA
562-925-7100
info@libretaxservice.com
18946 Vickie Ave, Cerritos, CA 90703, USA
(562) 925-7100
Providing tax preparation services for the past three decades.
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