Services
What I do
Audit & assurance services
Audit
The purpose of an audit is to enhance the degree of confidence in the financial statements. This is achieved by our expression of an opinion on whether the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. An Audit is generally performed when outside third parties (such as regulators, banks, creditors, potential purchasers and outside investors) require an auditor’s opinion on the financial statements.
Review
The scope of a review is less than that of an audit and therefore the level of assurance provided is lower. During our review, our team will assess whether the information being reported on appears to be plausible, primarily through inquiry, analytical procedures and discussion. A review of financial statements is often performed for banks, creditors and potential purchasers.
Compilation
Some organizations do not need financial statements containing all disclosures normally required for general purpose use, nor do they need the assurance that can be provided by an audit or a review. In such an engagement, we compile the statements using information supplied by management or proprietor. Compiled financial statements are often prepared to accompany an organization’s tax returns.