Overview
An independent examination of the financial statements taken as a whole.
AsuraTrust provides financial statement audit services designed to meet the unique needs of small and mid-sized businesses. Our independent audits are tailored according to your company’s industry and operating structure, with a specific focus on risk, internal controls, and key business processes. Our detail-oriented, risk-based audits meet the highest professional standards and are supervised by highly experienced CPAs.
Whether you’re looking to change auditors, preparing for your first audit, or just need information on our audit services, schedule a free consultation today.
Engagement details
How our audits are performed, and what the engagement covers.
When you need it
Commonly required by lenders, investors, bonding companies, regulatory bodies, and for best practices.
How we work
Our audits are performed in accordance with Generally Accepted Auditing Standards (GAAS) promulgated by the AICPA.
Scope
Includes a comprehensive review and evaluation of internal controls.
Sign-off
All audits are supervised and signed off by a licensed, highly experienced CPA.
Who it’s for
The stakeholders who most often rely on audited financial statements.
Banks & other lenders
Audited financial statements are a common requirement of loan agreements and credit facilities. An audit supports lending decisions and ongoing covenant compliance with independently examined financial information.
Owners, boards & investors
When ownership sits apart from day-to-day management, an audit provides an independent check on reported results — giving owners, boards, and investors added confidence in the numbers they rely on.
Bonding, regulatory & contractual needs
Surety programs, regulatory bodies, and certain contracts or grant arrangements call for audited financial statements. An audit satisfies these requirements with a recognized, independent report.
Audit vs. review
Two levels of assurance — the difference is the depth of procedures, and the report you receive.
Reasonable assurance — the highest level of assurance a CPA firm can provide.
Limited assurance — a moderate level of confidence, narrower in scope than an audit.
Risk assessment, evaluation of internal controls, and substantive procedures — including inspection, confirmation, and testing of underlying records.
Consists primarily of inquiries of management and analytical procedures applied to the financial statements.
An independent auditor’s report expressing an opinion on whether the financial statements are presented fairly, in all material respects.
A conclusion on whether the accountant is aware of any material modifications that should be made to the financial statements.
Commonly required by lenders, sureties, investors, and regulators — whenever stakeholders need the highest level of independent assurance.
Often accepted when stakeholders want independent assurance at a level below a full audit.
