Audit & Assurance
Financial Statement Assurance services for a variety of clients
Users of financial statements often need assurance that the financial statements accurately represent the financial position of a company. The degree of assurance needed often times depends on the needs of the user of the financial statement.
HKL provides all three levels of financial statement assurance services
Offers the highest level of assurance. Audits provide reasonable (but not absolute) assurance that the financial statements are prepared in accordance with various authoritative standards (such as Government Auditing Standards, the Single Audit Act, etc.)
Offers limited assurance. Reviews consist of inquiry and the application of analytical procedures to the financial statements, and give limited assurance that financial statements are prepared in accordance to generally accepted accounting principles or other authoritative standards.
A compilation is based upon information provided by the client and is designed primarily for internal use by the client.
HKL also provides other assurance services
- Agreed upon procedures - An agreed-upon procedures engagement is an engagement in which an auditor is engaged to carry out those procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings. The recipients of the report form their own conclusions from the report by the auditor.
Contact HKL today so that we can provide a level of service that is right for you.