Audits, Reviews, and Compilations are necessary to decide your business goals. Perform wisely!

Since its inception, Nex Accounting is providing audit, review, compilation, and assurance services to their clients in the US and Canada region.  We have hands-on experience in performing audits for both for-profit entities and not-for-profit organizations efficiently. Our services are affordable yet highly effective.  Regardless of the size of our clients’ firms, all audits, compilations, and reviews performed by Nex Accounting are completely in accordance with the guidelines floored by the Auditing Standards Board.

Banks, leasing agencies, and many private lenders, nowadays, require an audit be performed on the financial statements of the entity. Such actions help them in determining their lending or financing capacity for the entity.  Our team of CPAs has a reputation of always being successful in negotiating with the banks, or other lending institutions, on behalf of our clients, so that they save thousands of dollars by getting the services reduced to just Review or Compilation services.

Audit

Our team of qualified CPAs performs the Audit in accordance with the auditing standards applied to all CPAs performing an audit of financial statements in the United States of America. As per the standards, the CPA Audit must be planned and performed in order to attain equitable assurance, if the financial statements provided are free of material discrepancies. Our team of audits examines the shreds of evidence, which support the amounts and disclosures shown in the financial statements on the test basis. They also assess the accounting principles used in the statements. Besides, they also assess any noteworthy estimates registered by management. Moreover, they also evaluate the presentation of the overall financial statement.

Review

A review primarily makes inquiries for the company management by applying methodical procedures to the financial data presented by the management. Although less in scope than the audit procedure, the objective a review is to furnish the expression of an opinion about the financial statements. Consequently, if the financial statements, taken as a whole, show a fair financial position and good operation results about the entity, then no opinion is served by the review team. And, when it comes to reviewing procedure, Nex Accounting certainly has no competition.

Compilation

Although there are numerous misconceptions about the compilation, it is not an audit, neither is it a review. Moreover, the compilation does not call for any opinions from the CPA. It is the most basic level of financial statement preparation that provides assurance whether the financial statements are compliant with the accounting principles accepted in general in the USA. As the compilation does not necessarily require the full footnote disclosure, it reduces the cost of this service considerably. Moreover, unlike Review, it does not express any opinion about the overall wellness and health of the financial statements. Compilation plays a significant role when applying for the business loan or seeking funds from a venture capitalist. Hence, getting this procedure performed by a team of specialists like Nex Accounting can certainly help your business in maintaining its repo in the market and among other stakeholders.

If you also require a trustworthy Audit – Review – Compilation, or a CPA service for the betterment of your business, feel free to contact us.