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Audit & Assurance

 

WHITNAH CPA offers high-quality audit, attestation, review, compilation and preparation engagements for privately-held companies. We are certified to audit the accounting records of organizations and to attest compliance with generally accepted accounting practices. We strictly comply with generally accepted auditing standards (GAAS) and AICPA Auditing Standards Board (ASB) rules and regulations. Our team dedicated to high standards and quality of our services.

 

Financial statement audit

We provide audit service for privately-held companies. An audit provides reasonable assurance that your financial statements are fairly presented in accordance with generally accepted accounting standards. Audited financial statement can be required by your financial institution, government, owner, or other stakeholders. Audits help businesses uncover problems and ensure efficiency.


Here are the top reasons to conduct an audit:
1.  To insure the effective operation of an organization.
2.  To review compliance with a multitude of administrative regulations.
3.  To instill a sense of confidence in management that the business is functioning well and you are prepared to meet potential challenges.
4.  To maintain/enhance the organization’s reputation in the community.
5.  To perform a “due diligence” review for shareholders or potential investors.

 

We provide Audit services:

  • Complex financial statements audit

  • Single financial statement audit

  • Specific element, account, or items of a financial statement audit

 

Review of Financial Statement

We provide review service for privately-held companies which are not seeking audited statements.

  • Review engagement

  • Internal control reviews

  • Process and procedure reviews

  • Due Diligence reviews

 

Preparation and Compilation of Financial Statement

 

  • Preparation engagement: is to prepare financial statements in accordance with a specified financial reporting framework. This is not an audit or review engagement.

 

  • Compilation engagement: the objective of this engagement is to present financial results which is representation of managements in the form of financial statements. This is not an audit or review, but it is an attest engagement.

 

Agreed-upon Attestation Engagement

The attestation engagement have grown out of the needs for independent examination of an expression of assurance on subject matters other that basic financial statement.

 

  • Compliance with contract

  • Internal control over financial reporting

  • Financial forecasts and projections

  • Pro forma financial statements

  • Management’s discussion and analysis

 

 

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* We base our fees on time required at our regular rates for the type of services and personnel assigned plus out-of-pocket costs. We also give consideration to the difficulty and size of the assignment, the degree of skill required, time limitations imposed on us by others, the experience and ability of the personnel assigned, the nature of the project, the level of cooperation by the client’s staff, and the value of the services to the client.

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