Many times, a full financial statement audit may not meet the specific needs of your organization. A business should consider the level of service being rendered is in line with the needs of the user of the financial statements. Often a more cost-effective alternative may be available or performing specific agreed-upon procedures may provide more informative and relative information.
Traditional financial statement audit engagements render an opinion on the basic financial statements and corresponding footnote disclosures, as a whole. Attestation examination engagements render an opinion on specific financial and nonfinancial data or processes. Attestation review engagements offer limited assurance on such data or processes. Parties who are interested in gaining a comfort level regarding such data or processes would be well served to explore the service offering.
To evaluate the potential of an attestation examination service offering, an interested party needs to consider the types of financial and non-financial data or processes for which they need an opinion rendered by an independent accounting firm.
For more than 40 years, our Assurance and Accounting Services Team has helped for-profit and nonprofit organizations with all their accounting and other attest engagements. Our holistic approach goes beyond simple financial statement preparation.
This webinar, presented by Ryan Miller, and Sienna Richert of Withum’s Healthcare Services Group, will provide an accounting and auditing update applicable to healthcare organizations. The team will go through recently issued Accounting Standard Updates, with an in-depth look at pronouncements applicable to the industry, including AICPA and FASB updates, and new accounting standards. Viewers…
Share We understand that in the midst of COVID-19, your audit may be the last thing on your mind. The truth of the matter is that you can manage some deadlines and others you cannot. We understand this and will help you maintain your compliance. Around the globe, people are finding themselves transitioning their jobs…
The SBA hasn’t been the only active entity lately. The Financial Accounting Standards Board just issued Accounting Standards Update 2020-05 (the ASU), taking their turn in responding to the COVID-19 pandemic. The ASU extends the implementation date of ASU 2016-02, Leases, for yet another year! Nonpublic entities could now choose to adopt the new standard…
For more information or to discuss your business needs, please connect with a member of our team.