Audit functions meet the requirements of financial statements required by:
* Shareholders or Board of Directors
* Lenders or Creditors
* Customers or Vendors
* Contractors Licensing Board
* Bonding and Insurance
* Regulatory Agencies
. Office of Grants Management
. State Licensing Board
Terry Horne, CPA & Associates can perform the spectrum of audit functions to meet your organizations needs.
Audit – Highest Level of Assurance
An audit is a methodical examination and objective verification of a company’s financial and accounting records and supporting documents. Based on our findings, a report is issued stating whether the financial statements are fairly stated and free of material misstatements.
Review – Limited Assurance
A review is designed to assess management’s representations and to consider whether the financial statements appear to be in conformity with generally accepted accounting principles (GAAP).
Compilation – Lowest Level of Assurance
A compilation presents, in the form of financial statements, information that is the representation of management without expressing any assurance on the statements
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