Audit of Financial Statements

 A financial audit represents the most authoritative assessment of a company’s financial statements' accuracy. Typically pursued by organizations to reassure third parties, audits confirm that financial statements adhere to GAAP or other applicable accounting standards. Financial audits, conducted by American First, not only offer transparency to stockholders, lenders, and regulators regarding a company’s performance but also provide valuable insights into its practices. This prompts the question: How can operations be enhanced, and efficiency increased? 

Review of Financial Statement

If a comprehensive financial audit isn't necessary, and you still require assurance, consider a review of financial statements. This process offers limited assurance that your financial statements are fairly presented and align with GAAP or other applicable standards. Leveraging our industry expertise and understanding of your business, we assess your company’s financial statements using analytical procedures and inquiries with management. Our industry knowledge and extensive experience offer clients actionable insights to enhance operational efficiency. 

Compilation of Financial Statement  

Compilations represent the lowest tier of assurance services. While lacking the assurance of an audit or review, a compilation enhances reporting quality by aiding clients in presenting data in line with GAAP or other accounting standards. In a compilation, American First assists management in presenting financial data in the form of statements without explicitly assuring no material modifications are necessary. This process aids decision-makers in analyzing their numbers and steers clients toward financial health and stability.