WHY DOES YOUR ORGANIZATION NEED AN AUDIT?
There are many reasons a company may need an audit. Some of the most common are lender requirements, company sale, and good business practice.
In some cases, a lender may require an audit. This can be for lines of credit or bank loans. Organizations seeking capital may also find that potential lenders or investors have high expectations and are interested in seeing audited financial statements. Additionally, these statements can also make a difference on loan interest rates as well.
Audited financial statements are also a good idea if you’re looking to sell your company. A well-kept history of audited financials can help you attract interested parties, achieve a higher selling price and help facilitate a smoother sale process.
It’s also simply good business practice. A strong record of audited financial statements sends a strong message to other potential investors, lenders, employees, the government and any other interested parties.
WHY WOULD I NEED A FINANCIAL STATEMENT REVIEW?
Less extensive than an audit, a review will determine if your financial statements make sense. Our experienced professionals will review your statements and data using a tested set of analytical procedures, as well as discuss certain aspects with you and/or your management team.