Financial Reporting
Taxation
Financial Institutions
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© TJSCPA 2007

Audit & ReviewCompilationsBookkeeping & Payroll

Why are audits and reviews performed?  An audit assures that your financial statements fairly represent the position of your company in accordance with generally accepted accounting principles by providing an independent analysis of your company.

Audit reports are used by clients in need of bank loans, line of credit set-up, for stock valuation, in the development of purchase agreements, in mergers and acquisitions, in order to safeguard assets, and to enhance financial data communicated to new stockholders and other interested parties.

Review reports provide limited assurance that financial statements are presented fairly in accordance with generally accepted accounting principles. Although a review is not as extensive as an audit, a reviewed report can be very effective.

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