Professional Accounting and Tax Services
- +1 (408) 409-7550
- Info@docfyle.com
- 672 W 11th Street, Suite 220, Tracy, CA 95376
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Our Audit, Review and Compilation Services
Outsourcing auditing services to Docfyle can help you reap huge benefits as we are a team of skilled auditors who understand your business requirements and provide custom solutions. Our services include but are not limited to:
The audit is unbiased and objective examination of the financial statements of an organization, irrespective of its size, nature and legal structure, with the aim of expressing the opinion on the financial statements through an audit report.
The auditor evaluates whether the reports prepared by the entity conforms to the financial reporting framework, i.e. GAAP or IFRS. The primary objective of audit is to determine whether the financial statement represents true and fair view and the secondary objective is to detect if there are any errors or frauds, in the financial statements prepared by client.
There can be two types of audits: Internal audit and external audit, wherein the internal audit is performed by the employees or head of the department of the organization, whereas the external audit is performed by external auditor.
A review provides limited assurance of financial statements, which is sufficient in many instances for a company and its creditors. Thus, it is a sort of mid-level assessment. In finer terms, it states that the financial statements are free from material misstatement.
Our team performs all the required inquiry and analytical procedures to suggest if any modifications are required in the financial statements.
A compilation is the presentation of financial statements by outside accountant without any opinion. It is an internal report representing the financial condition of a company.
Our compilation services are executed in accordance with the American Institute of Certified Public Accountants (AICPA).
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