Johannsen, Dye & Purkeypile, CPAs, LLP, only audit certain not-for-profit entities, privately held companies, and pension plans. Concentrating on certain not-for-profit entities, privately held companies, and pension plans means we are free from public company regulations reporting deadlines, disclosure complexities, and risk management issues. As a result, we can focus on what really matters to you and your business. email@example.com
Audits are usually performed because an outside third party requires an auditor’s opinion on the financial statements. Audits are performed to express whether the financial statements are fairly presented and that they conform with generally accepted accounting principles or another financial reporting framework.
Audits are the most comprehensive of all the attest services. Auditing procedures include testing accounting records and examining evidence supporting the amounts and disclosures in the financial statements. Evidence is obtained through inquiries, analytical procedures, physical inspection, observation, and independent confirmation. Additionally, audits require an understanding of the entity and its internal controls.
There are certain assurances that audits are not designed to provide. An audit does not assure on or aim to identify deficiencies in internal control. The work performed as part of an audit gives us an understanding of your company and financial reporting function. This means we may be able to identify issues related to internal controls, processes, inefficiencies, and cash flows problems, as well as company and industry trends. As a result, the work performed during an audit may allow us to provide you with general business advice based on the insights gained during the engagement.
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Wise & Co LLP CPAs
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Medford, OR 97504
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