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PKF Mueller

Enhancing the lifetime success of our clients

Audit & Assurance

Audit, Reviews & Compilations

Stockholders, creditors, and private investors require assurance that the financial statements accurately represent the true financial position of a company and their tolerance of risk may be different. PKF Mueller’s Audit and Assurance professionals can provide an unbiased, objective examination of your financial statements offering three levels of assurance to meet your needs.

AUDIT: THE HIGHEST LEVEL OF ASSURANCE

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor, or as established by general practice.

REVIEW: LIMITED ASSURANCE

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team.

COMPILATION: LOWEST LEVEL OF ASSURANCE

In compiling financial statements for a client, we present information that is the “representation of management” and expresses no opinion or assurance on the statements. Compilations don’t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

WHICH REPORT SHOULD YOU USE?

Each type of financial statement report may suit specific circumstances, depending on requirements from your client’s bank or other parties, as well as meet budgetary needs. We can help answer questions and guide you to what type of report your firm needs.

 

 

 


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