Sanz Virtual Enterprise Now Offers Audit & Assurance Services
An audit includes an examination, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. In conclusion, an audit report is provided stating an opinion as to whether or not the financial statements are fairly presented in all material respects, in conformity with the applicable accounting principles or basis of accounting used.
Many times audited financial statements and an audit report are requested by investors, government entities, large public grantors, and other stakeholders of a business. Generally, the main intent is to measure, at a certain point in time, the financial health and position of the business (Balance Sheet) and the profitability of the business operations over a period of time (Income Statement).
Banks may require an audit before approving business loans; insurance providers may require the same before providing insurance for a trucking business; donors and grantors may request an audit before offering donations and grants.
For whatever the case may be, contact Sanz Virtual Enterprise for your auditing requirements.