Financial Statements are the representation of a company’s performance in a given set of time. Relevant and reliable financial statements are essential for its user’s decision making process.
We assist clients prepare yearly, quarterly and monthly financial statements, which will allow them to distribute among key users for assessing business performance. Such as:
Managers and supervisors – to assess financial results of key initiatives
Shareholders and owners – to assess operational and managements’ performance
Government Institutions – to levy the appropriate taxes and fees
Banks and lenders – to ensure the organization meets loan covenants
Suppliers – to monitor an organization’s well-being before providing goods on credit
Union – to determine company performance
Some of the Financial Statements we can assist you with are
Income Statements (Profit & Loss Report)
Balance Sheet (Assets and Liabilities of the Company)
Statement of Changes in Owner’s Equity
Notes to Financial Statements
Other Financial Supplements
Forms of Financial Statement Engagements:
Notice to Reader (Compilation Report)
Financial Statements are prepared based on management provided figures without an audit or review. No assurance provided.
Review Engagement (Limited Assurance)
Financial Statements are prepared based on limited discussion and analysis. A full assurance is not provided as this is only meant to ascertain whether statements are believable or plausible.
Audit Engagement (Issuing an Opinion)
Financial Statements are provided with reasonable assurance as to the reliability of the Financial statements and related disclosures.
Need more information? Contact us.