What it is, and what it is not.
A financial statement audit does not certify that your business is doing well.
It certifies that your financial statements present your position fairly, in accordance with the applicable accounting framework.
It is a dull distinction until the day someone needs it. Then it is the only one that matters.
When it is needed.
When a third party requires it
A bank before a credit facility, an investor before coming in, a parent company for consolidation.
When control changes hands
The sale of a shareholding, the admission of a partner, a succession.
When your own framework requires it
Certain corporate forms and regimes require it. If you are not sure whether yours does, it is a five-minute question.
Not every engagement needs a full audit.
There are agreed-upon procedures engagements, in which we define with you exactly what is examined and what is not, and the report says so with that same precision. It costs less and it is sometimes what the third party was actually asking for. We will tell you which of the two you need before we quote, even when the one you need is the cheaper one.
Financial statement audit services are provided in association with firms registered with the Dominican Institute of Certified Public Accountants (ICPARD), under the technical coordination of Hueyi Group.