Audit & Assurance
Asefaw Accounting & Tax, CPA LLC offers audit and assurance services to businesses, non-profits and governmental organizations. Stockholders, investors, creditors, and stakeholder private investors often need assurance that the financial statements accurately represent the true financial position of a company. Our audit and attestation services provide an independent and objective view of financial statements for reliability of financial information provided to investors, creditors and other stakeholders. Our approach to providing assurance services is to utilize our knowledge, training and experience to conduct an efficient and effective engagement. We go beyond the financial statements to understand your business and help identify potential areas of improvement and deliver insightful solutions to grow your business and profitability. We maintain a rigorous quality control framework and adhere to high professional and ethical standards.
Our audit and attestation services can help you prepare the ground for raising capital for starting up or expanding a business, or for a merger or acquisition. Our audits for non-profit organizations will enable them to secure funding by providing financial transparency to potential donors. Whatever your needs, our audit, review and compilation services are designed to instill confidence that your records are an accurate and honest representation of the current financial condition of your business or organization.
As a trusted Houston, TX CPA firm with a reputation for integrity, you can be sure that we'll conduct a fair and objective examination of your financial statements. We'll perform a methodical review of financial statements, analyze internal controls and test selected transactions in order to deliver a detailed report documenting our findings.
Audits, Reviews, and Compilations
Contact us at 832-827-3174 or request a free consultation online to learn more about our audit services. We'll help you decide if an audit, compilation, or review is appropriate in your case.
Asefaw Accounting & Tax, CPA LLC employs the highest standards of quality and ethics in conducting all our audit and assurance services. We use a risk-based audit approach that is tailored from deep understanding of the clients' business and industry. We offer value added services that provides insight for improving efficiencies and internal controls.
A review is substantially less in scope than an audit and is conducted in accordance with SSARS issued by the AICPA. A review primarily includes applying analytical procedures financial statements and making inquiries of company management and provides limited assurance that the financial statements do not require any material modifications to conform GAAP.
A compilation involves presenting data from a company's records and presenting it in an appropriate financial statement format. We express no assurance on compiled financial statements.
There are some circumstances where our clients and other third parties are only interested in certain accounts or certain transactions. In these cases, a full audit, review or compilation may not be needed or required. An agreed-upon procedures engagement is a type of service that the client and/or any third party agree on specific procedures on financial and or non-financial information. In such an engagement, our report will include only the factual findings, not an interpretation of their meaning, so the parties will be required to draw their own conclusions. The report will list the procedures performed and the findings with respect to those procedures. The report will include a statement that it is intended for use only by the client and/or the third party, and that it should not be used by anyone besides these parties.