Financial Statement Audits, Reviews, and Compilations
Our audit teams blend technical accounting knowledge and industry experience to help you understand not only your financial results, but also the risk factors, market trends, and regulatory considerations influencing your performance.
We’ll help you determine the most appropriate and cost-effective approach to preparing your financial statements and providing information to investors, lenders, and other stakeholders.
Financial Statement Audits
During a financial statement audit, we review your organization’s statements and selected data to develop an opinion that provides “reasonable assurance” whether the financial data is accurate and has been prepared under the appropriate accounting principles (such as U.S. GAAP or IFRS). We review your organization’s data and documentation, examine internal controls, test for variances in transactions and account balances, and perform other procedures to evaluate the accuracy of the financial statements.
The goal of a review is providing assurance that the financial statement does not appear to require material modification to comply with the applicable accounting standards. We’ll use analytical procedures to evaluate current and prior-year results, financial ratios, and other metrics. Unlike an audit, a review does not involve testing internal controls or transaction records, assessing fraud risk, or performing other detailed audit procedures.
In a compilation, we’ll help your organization prepare and present financial data in the form of financial statements suitable for sharing with stakeholders. A compilation is a limited-scope engagement that does not include independent assurance regarding the accuracy of the organization’s financial data or its conformity with accepted accounting principles. Compilations may be suitable for internal reporting or management purposes, or for sharing data with lenders or other stakeholders.
What Our Clients Are Saying
I can always count on quick, well informed information and advice.
Spartan Tank Lines, Inc.
I have always received nothing but caring, excellent, and efficient service and quality from Sensiba. Every interaction I have with each and every member of the wonderful staff there is thorough, concise, professional, and helpful. Highly recommended!
Fremont Rubber Stamp Company, Inc.
I have always found the team to be responsive, detail-oriented, and helpful. I trust in their work and enjoy our professional relationship.
WXR Fund, LP
Team is very cooperative, response is very much faster, and we completed on time.
Tookitaki Holding Pte. Ltd.
I have worked with the Sensiba audit and tax teams covering my firm for 5 cycles. They have always been highly professional and approachable. Sensiba is the only audit and tax firm I recommend to my GP friends.
SWAT Equity Partners GP, LLC
Many years of communication and service with very positive attitudes.
Woodland Residents, Incorporated
I have been working with Sensiba for the last 7 years and have been very happy with their services.
Mercator Medsystems, Inc
Sensiba staff has been proactive and reaches out to us on a timely basis to ensure we are in compliance of the tax filings. Sensiba also proactively reached out to us to help us take the benefit of the R&E credit which was substantial. Also the webinars on different topics have been helpful.
Our Financial Statement Audits, Reviews, and Compilations Practice Leadership