Financial Statements: Understanding different levels of assurance
As licensed public accountants, we can provide various levels of assurance with respect to your financial statements. An opinion from licensed public accountants provides credibility for users of the financial statements, such as stakeholders and potential future investors or creditors. AUDIT An audit will provide the highest level of assurance through the issuance of MP Group's Auditor's Report. REVIEW A review will provide a lower level of assurance than an audit engagement, as the engagement is less rigorous than an audit. This may provide a cost effective option based on your reporting requirements. NOTICE TO READER A notice to reader or compilation provides no assurance. You may require this service for when you just need financial statements for the use of filing a corporate tax return, or internal financials.