When CPAs prepare or assist in preparing financial statements, they are required under professional standards to issue a report on those financial statements. Our goal is to help decision makers make more informed and confident decisions by providing independent and professional opinions to reduce risk through incorrect information.
An Audit Report is the highest level of service a CPA can provide to their clients. This service tends to be customized as CPAs..
The Review Report is the second highest level of service. With a Review Report, the CPA performs analytical procedures and inquiry…
This is the most basic level of service provided to a client. Basic requirements of professional standards are performed,..
Arun Kumar, CPA provides all three levels of Assurance Report: Audit, Review and Compilation. The type of report required is determined by mutual agreement between the client and the CPA. This determination usually depends on many factors, such as the needs of the client, needs of creditors and/or investors, the size and complexity of the business and other factors. All publicly held enterprises are required by securities laws to provide annual audited financial statements. Credit agreements with Banks and private lenders may also require audited statements – even for a company that is privately held, however, privately held companies often opt for reviewed or compiled statements.
Regardless of the level of service performed by the CPA, the financial statements are the primary responsibility of the reporting entity. We are experienced in performing audits, reviews and compilations for entities of all kinds and sizes.