CPA Audit Services
Providing The Highest Level Of Assurance
A comprehensive CPA audit provides the highest level of assurance. It's a methodical review and objective examination of your financial statements. Upon conclusion of the engagement, the CPA grants an opinion.
The purpose of the opinion is to provide reasonable assurance, that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial reporting framework. The audit should increase the value and credibility of the financial statements produced by management, thus increasing user confidence.
It allows you to demonstrate to stakeholders, such as employees, customers, suppliers and the investing community, the credibility of your published information. It also helps you:
- Comply with banking covenants
- Deter and detect material fraud and error
- Facilitate the purchase and sale of businesses
A full CPA audit by LBA Haynes Strand begins with an audit checklist we provide to you so you're able to assemble the relevant paperwork and make the audit process as smooth as possible.
Our audit services include a review of your internal controls, testing of selected transactions and communication with a broad range of third parties, such as customers, banks and vendors. Based on our findings, we issue a report that details if your financial statements are fairly stated and free of material misstatements.
Audits are not just for public companies. While all public companies are required to have an annual CPA audit, some private entities must have an annual audit, as well. These include local governments, franchisers, nonprofit agencies, nonprofit associations and organizations receiving government grants.