3 Steps to Audited Financial Statements

1 Contact our office via phone, email or even a click ( then chat with us by Skype ). After a short converstation with Neil D. Rischall CPA you will have the advice you need to plan an orderly and efficient audit.

2 Then collect the information and submit it to us via mail, fax or online.

3 Review and submit your audited statements.

So why wait? Call Neil Toll Free at 866-559-6434

Are you wondering can it really be easy?

Yes ! If an audit is planned properly and undertaken by professionals who always have the client mind. You owe it to yourself to call Neil or email him so you can relax and take the pressure off this stressful task.

Why do we need an audit anyways?

How can you or others that rely on your company be sure that the financial statements you are given are accurate and correct? The answer to that question is one of the most essential services that a CPA ( Certified Public Accountant ) provides to business and government.

When a CPA prepares an audited financial statement they are assuring the reader that the financial statements have been subjected to several stages of planning, testing and procedures and that the audited financial statements are correct.

So do I want to be qualified or unqualified?

The ultimate goal of audited financial statements is to issue an unqualified opinion. An unqualified opinion gives the assurance that it is not necessary to qualify the audit opinion.

If the auditors report must be "qualified" it means there is an issue that does not allow the CPA to totally give confidence that the audited financial statements are correct.

What does an auditors report look like?

Below is the standard auditors report, which is used if there are no issues with the entities audited financial statements. Does this guarantee that there are no errors or fraud or errors in the audited financial statements?  No.

There is no guarantee that the financial statements are error free or free or fraud. If you carefully read the auditors opinion you will see that there are no stated guarantees. 

Board of Directors, Stockholders, Owners, and/or Management of
ABC Company, Inc.
123 Main St.
Anytown, Any Country

We have audited the accompanying balance sheet of ABC Company, Inc. (the “Company”) as of December 31, 20XX and the related statements of income and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in (the country where the report is issued). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 20XX, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in (the country where the report is issued).

AUDITOR’S SIGNATURE
Auditor’s name and address

Date of the report’s issuance

Other Audited Financial Statement Resources:

Are you wondering about the Cost of an Audited Financial Statement or about Audited Financial Statements for Non Profit Organizations as well as Audited Financial Statements Definition then these links will be helpful.

Do you Need Audited Financial Statements?

As a CPA I can prepare audited financial statements for you or your company. If you have any other questions you can reach me via email, toll free number, skype chat or skype phone. There is no charge for our conversation so if you are not sure please give me a call at 866.559.6434

Warmest regards,

  Neil D. Rischall CPA