Financial Statements

Financial Statements: Compilation-Review-Audit


Stockholders, creditors, private investors, lenders, and financial institutions often need assurance on the accuracy of financial statements reporting. Based on your needs we can provide you three levels of assurance and issue a formal report on the Financial statements.


Compilation -Lowest level of Assurance

In compiling financial statements, we present information that is the "representation of management", and express no opinion or assurance on the statements. Compilation does not use inquiries, analytical procedures, or review procedures, instead we relay on our knowledge of financial reporting frame work, accounting principle and a general understanding of your business.

Review - Limited Assurance

In review financial statements, we provide basic level of assurance on the accuracy of financial statements. We perform analytical procedures, inquiries and other procedures.
A review does not evaluate internal control and assess fraud risk.
Review report express limited assurance in the form of the statement "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP).

Audit -Highest level of Assurance

In audit financial statements we provide reasonable level of assurance, that is intended to provide a user high level of comfort on the accuracy of the financial statements. An audit does evaluate the business's internal control and assess fraud risk , inquiry, physical inspection, third party confirmation,examination , analytical procedures and other procedures.

Based on our findings, we issue a formal report that expresses an opinion on whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.



* Review and Audit Financial Statements services providing to Only US based entities and individuals.

"We are big enough to serve you,
small enough to know you."

Testimonials

    

  • Olga Lockwood, Director

    Mozart School of Music

    Ritu is an amazing accountant. She works very hard and is very patient with all the questions I have. I would highly recommend her as an accountant! She has saved me so much time and money.

  • Kristian Tocher, Director

    C.E. Tocher Holdings Ltd.

    Ritu has been working with us since 2013 as a team and helping us with our Corporate Financial reporting, and Tax returns preparation for the Corporation, Trusts and Personal, as well as with CRA Compliance & Audit requirements.We appreciate all her hard work and efforts. She is a truly dedicated and knowledgeable professional Accountant.