Financial Statement Audit

An audit of a company’s financial accounts is conducted in order to offer a reasonable level of assurance that there are no substantial misstatements. A licenced and competent auditor will conduct a financial statement audit as a sort of independent review to judge the dependability, correctness, and completeness of a company’s financial statements. A financial statement audit’s main goal is to give interested parties, including investors, lenders, and regulators, a reasonable level of assurance that the financial statements are accurate and fairly depict the company’s financial position, performance, and cash flows in accordance with the relevant accounting standards.

Our financial statement audit service comprises the following:

• Planning and risk assessment: We collaborate closely with our clients to fully comprehend their operations and sector, to spot possible threats, and to evaluate the dangers of significant misrepresentation in the financial statements.

• Audit processes: In order to obtain data to substantiate the financial statements, we establish and carry out audit procedures. This includes auditing financial transactions, looking at paperwork, and speaking with employees.

• Evaluation of internal controls: We assess the internal control frameworks of our clients in order to spot any flaws and offer suggestions for development.

• Reporting: We offer a thorough analysis of our results that includes our assessment of the financial accounts. Depending on how the financial figures are evaluated, our view may be unqualified, qualified, negative, or a disclaimer.

Working with I.P. Pasricha’s will give you access to a tailored, risk-based strategy that places an emphasis on prompt communication and activity coordination. All of our engagements are conducted under stringent confidentiality and ethical standards, and we collaborate closely with our customers to meet their financial reporting requirements. Your audit, review, or compilation will be organised and carried out by a skilled team that is aware of your sector, with continued commitment from our senior-level personnel.

Our focus on integrating audits that are specifically tailored to focus on areas with high risks enables us to finish your engagement quickly and effectively, saving you time on post-audit processes and wrap-up.