Our firm prepares professional, GAAP-compliant financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a businesses' full profit potential.
A financial statement audited by G&U is an invaluable tool for obtaining financing, negotiating long-term credit, and reporting to investors, lenders and regulatory agencies.
An audit is the most comprehensive assessment of the presentation of financial data. It entails examining, on a test basis, evidence supporting amounts and disclosures in the financial statements, assessing the accounting principles used, and evaluating the overall financial statement presentation of the company. Audit procedures normally include an examination of source documents and reports, inquiries of company personnel, and analysis of financial trends. The end product of an audit is the expression of an opinion as to the fairness of the financial statements and their conformity with generally accepted accounting principles or another comprehensive basis of accounting such as the cash basis or income tax basis.
An essential part of an audit is understanding the business environment in which a company operates. Our audit team brings to our clients a broad base of business knowledge developed through years of training and experience in a wide range of businesses and industries.
The audited financial statement is also an excellent source of information for stockholders and management. In planning and performing an audit we consider internal controls and accounting procedures in place and test the functioning of key controls and procedures which may affect the presentation of financial data.
Performance of inquiry and analytical procedures which provide us with a reasonable basis for expressing limited assurance as to the conformity of financial statements with generally accepted accounting principles, or, if applicable, with another comprehensive basis of accounting.
Presentation in the form of financial statements of information that is management's representations without expressing an opinion or any other form of assurance on the statements.