786-687-4079
Facebook-f Linkedin

Audit and Assurance Services

Audits, reviews and compilations are often a necessary – but important – part of doing business. These services function as tools that shed critical light on the health of your company, and enable you to note its strengths and where improvements can be made.

SET UP AN APPOINTMENT

Audit and Assurance

An audit must be performed to obtain the highest level of assurance, above a review or compilation. Audits involve a careful examination of your business to provide the end user comfort on the accuracy of those financial statements. The CPA performs procedures in order to obtain “reasonable assurance” (defined as a high but not absolute level of assurance) about whether the financial statements are free from material misstatement. At the end of the audit process, the CPA will issue a formal report that expresses an opinion on whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework. A reliable audit enables you to prove to surety companies, financial institutions and stakeholders that your financial reporting is trustworthy.
We also help organizations realize benefits beyond an audit’s typically defined purpose. Based on our understanding of your goals, finances, operations, industry and market, we help optimize your business, minimize risk, increase revenues, manage expenditures, and improve internal controls. Our clients look to us to help them with:
  • Financial Statement Audits
  • Financial Statements Reviews and Compilations
  • Agreed-Upon Procedures
  • Cost Certification Audits
  • Internal Control Reporting
Additionally, we assist in:
  • Ensuring financial statements are presented in accordance with generally accepted accounting principles, international financial reporting standards, or other comprehensive basis of accounting
  • Communicating findings and recommendations to the Board of Directors and management
  • Making recommendations on internal controls for treasury, accounting and financial reporting
  • Improving corporate governance and ensuring regulatory compliance
  • Analyzing the impact of new accounting standards
  • Implementing revenue recognition, leasing, consolidation, fair value measurements and other complex accounting standards

Reviews

Review engagements are performed to provide limited assurance that there are no material modifications that should be made to the financial statements in order to conform with the financial reporting framework. The method used typically includes inquiries and analytical procedures in order to express limited assurance. These procedures provide a reasonable basis for the users of the financial statements to assume that the CPA is not aware of any material modifications that should be made to those statements. Limited assurance is not absolute and is less intensive in scope than an audit, where the CPA expresses an opinion on the fairness of the financial statements taken as a whole.

Compilations

The objective of a compilation engagement is to assist management in presenting financial information in the form of financial statements. In a compilation engagement, the CPA does not provide any assurance that there are no material modifications that should be made to the financial statements so they will conform to the acceptable financial reporting framework. Due to the limitations in scope of compilation procedures, the compilation report will not express an opinion or provide any assurance regarding the financial statements. Therefore, the compilation engagement represents the most basic service that a CPA can provide with respect to a clients financial statements. We help businesses, organizations and individuals throughout the Miami, Broward and Southern Florida area complete the audit, review, and compilation process with minimum disruption and stress. We do this by focusing on your needs and making the process as efficient as possible.

Which type of report should you choose?

Each type of report is used to meet specific business and third-party requirements. Understanding each report and how they are used is essential part of your business.

For further information, please visit our blog article.

Industries We Serve​

  • Construction
  • Real Estate
  • Engineering
  • Consumer products & retail
  • Hospitality
  • E-Commerce

Why Choose Artola CPA for Your Audit and Assurance Needs?

Our Audit Team delivers value beyond simply assuring a financial statement report. Our clients benefit from our years of experience, industry knowledge, and expertise. After the audit or review, our clients continue to rely on us for help with transactional and due-diligence issues, compliance, governance, financial, technical accounting, and other matters.

At Artola CPA, we focus on providing you with outstanding service. When you work with us, you will feel that you are our only client.

Contact Us Today!

Services we offer.