Financial Statement Audit & Assurance Services

Determining which one you need depends on a few factors. First, you’ll want to consider the level of assurance you need.

A compilation, for example, will provide you with a financial statement, but it has no level of assurance. That may be all you need, but if assurance is required, you’ll want to consider a review (the next step up) or a complete audit.

Your decision can also depend on what your goal is. For example, if you’re trying to raise equity, planning to sell, or looking for extended credit or financing, a third party may require audited financial statements. That way, they are assured you are providing them with accurate financials and that you have solid processes in place.

Superstein PA can help you determine the best approach that’ll meet your objectives and fulfill requirements.

A compilation is a financial statement providing no level of assurance—it simply presents information provided by management (inquiry and analytical procedures are not performed).

A compilation is often prepared for private businesses that do not require a high level of assurance.

If an audit is not required for your business, we can provide a review of your financial statements with lower assurance than what you would get with a full audit.

The extent of investigation involved in a review is significantly less than that of an audit. For example, third-party confirmations and verifications are not performed.

Typically, reviews are prepared for businesses that have bank loans or outside investors requiring this service.

An audit is a methodical review and objective examination of a company’s financial statements, including the verification of specific data as determined by the auditor. They are often required by lenders, investors, and government agencies.

Beyond the basics of an audit, Superstein PA provides insight to improve your financial future. Our audit services include a review of internal controls, transactions, and third-party communication. Then, based on our findings, we establish a report on whether your financial statements are free from material misstatements.

Our audited financial statements bring credibility to the financial structure of your business. Additionally, as your dedicated audit and assurance professionals, we promise to effectively communicate information that makes your data easier to locate and understand.

Superstein PA provides clarity and integrity in reporting to stakeholders and management who rely on financial statements, and we’ll go above and beyond to meet your compliance obligations. Contact us today.