In the dynamic business world, having accurate and comprehensive financial statements is paramount. We specialize in offering top-notch financial statement audit services designed to meet your unique needs. Our team of experts is adept at financial statement analysis and preparation, ensuring that you have a clear and precise view of your financial standing. Let us guide you through a comprehensive financial statement review process that meets regulatory standards and empowers you to make informed decisions for your business’s future.

Financial Statement Audits

Our team of auditors is equipped with extensive industry knowledge, vital in conducting a thorough financial statement audit. We ensure that your financial statements are fairly presented in all material respects, adhering to the Generally Accepted Accounting Principles (GAAP) or other recognized accounting bases. Our approach involves meticulously reviewing relevant data, engaging with various company personnel, and confirming certain information with third parties. Trust us to provide you with a financial statement analysis that stands up to scrutiny and aids in fostering business growth.

Financial Statement Reviews

We offer financial statement review services that provide limited assurance of the fair presentation of your financial statements, in accordance with GAAP or other accounting standards. Our experts possess a deep understanding of various industries’ accounting principles and practices, coupled with a general comprehension of your company’s business dynamics. Our review process primarily encompasses analytical procedures and inquiries of company personnel, facilitating a robust financial statement review that serves your business objectives.

Financial Statement Compilations

Our team is proficient in financial statement preparation and will take the information provided by your management team and transform it into well-structured financial statements without verifying the data. Our role extends to reading the financial statements and ensuring they are free from obvious errors or misstatements, providing you with a reliable foundation for your financial reporting. We will provide no assurance as to whether the financial statements are in accordance with GAAP or other basis of accounting.

Projected & Forecasted Financial Statements

Preparing projections or forecasts of revenues and expenses helps to project/forecast future net income to assist in budgeting, tax planning, modeling or obtaining financing or equity investors. Future-oriented financial statements are often shared with internal or external users who request CPA involvement, typically in the form of a compilation report. Practitioners must fully understand the rules so that prospective financial statements are prepared correctly in a cost-effective manner. The modern financial environment is more volatile than it has been in the past but sound accounting services and adherence to industry best practices can assist a company in long-term planning efforts. Developing a reasonable financial forecast/projection based on the expectations of the management team and our consultants can arm you with clear and concise information which you can confidently share with necessary users.

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Financial Statements Frequently Asked Questions

What is involved in the financial statement audit services provided by KatzAbosch?

Our financial statement audit services involve a comprehensive process where our team of auditors ensures that your financial statements are fairly presented in all material respects, in accordance with generally accepted accounting principles (GAAP) or another basis of accounting. This process includes reviewing relevant data, making inquiries with various company personnel, and confirming certain information with third parties.

Can you explain the financial statement review process at KatzAbosch?

Certainly! Our financial statement review process provides limited assurance that your financial statements are fairly presented, adhering to GAAP or other accounting standards. This process primarily consists of analytical procedures and inquiries of company personnel, backed by a deep understanding of your industry’s accounting principles and practices.

What does financial statement preparation entail in the compilations service?

In the compilations service, our team assists in financial statement preparation by taking the information provided by your management and forming it into financial statements without verifying the data. We ensure that the statements appear free from obvious errors or misstatements, providing a reliable basis for your financial reporting.

How can KatzAbosch assist with financial statement analysis through projected and forecasted financial statements?

At KatzAbosch, we aid in financial statement analysis by preparing projections or forecasts of revenues and expenses, which help project future net income. This assists in budgeting, tax planning, and obtaining financing. Our team develops reasonable financial forecasts based on your management team’s and our consultants’ expectations, providing you with clear and concise information for your planning efforts.

What expertise does KatzAbosch bring to financial statement audit services?

Our team brings extensive industry knowledge to financial statement audit services, which is crucial when auditing a company’s financial statements. We review relevant data and engage with various company personnel to provide assurance that your financial statements are fairly presented in all material respects.

 

Claudia R. Wolter, Maryland CPA, Shareholder at KatzAbosch

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