A financial audit is conducted to provide an opinion whether financial statements are stated in accordance with specified criteria. The Securities and Exchange Commission requires that all entities that are publicly held must file annual reports with it that are audited. In accordance with the US GAAP, auditors must release an opinion of the overall financial statements in the auditor’s report.
Kaizen is committed to the public interest. We have a team of professional auditors who seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an entity’s business and industry, and innovative audit methodologies and approaches.
Kaizen’s financial statement audit services comprise three main distinctive levels of assurance depending on your business requirements.
Audits and Assurance
An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, Kaizen will issue a report on whether the financial statements are fairly stated and free of material misstatements.
Reviews and Assurance
A review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
we offer a limited assurance program for exterior company interests that utilize a specific analytical plan to confirm financial statement details and identify specifications requiring a more detailed analysis.
Compilations and Assurance
we provide this service for a business’s internal components with information provided by the company itself. This is not an assurance method, however it will aid a company in any accounting specific adjustments they may be required to facilitate.