Our Approach
A review engagement includes primarily applying analytical procedures to your financial data and making inquiries of management.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management.
Planning
Our approach places a heavy emphasis on planning and obtaining an understanding of how the specific company functions. This will enable us to identify critical components, to tailor our procedures to the unique aspects of client and to establish an efficient timeline.
Fieldwork
Our staff uses a software program, and we may also utilize a copy of your accounting software (upon client approval). These steps help to ensure that we spend our time on substantive matters, not on routine clerical aspects of the engagement. We have a full in-house IT team that consists of 6 certified technicians that work with us to ensure that all client data is safe and secure. We will communicate with respective management throughout the engagement. We will propose adjusting journal entries as needed, and educate regarding internal control matters as they come to our attention.
Concluding and Reporting
At the end of our engagement, we will present our reports and letters, and recap matters that have come to our attention.
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