Financial Statement Audit Services with Advanced Assurance

Our financial statement audit services are designed to provide you with advanced assurance on the accuracy and reliability of your financial statements. This is crucial for investors, lenders, and other stakeholders who rely on your financial information to make informed decisions.

We use a risk-based approach to identify and assess potential audit risks, which helps us to focus our efforts on the areas that matter most. Our team of experienced auditors will work closely with you to understand your business and identify areas for improvement.

A financial statement audit can provide you with a level of assurance that is equivalent to a high degree of confidence, which can be beneficial for businesses that are looking to attract investors or secure funding. By providing a clear and accurate picture of your financial health, we can help you to build trust with your stakeholders and achieve your business goals.

Our audit services are tailored to meet the specific needs of your business, whether you're a small startup or a large corporation. We'll work with you to develop a customized audit plan that takes into account your unique circumstances and requirements.

Over the last three years, more public companies have switched to Grant Thornton than any other accounting firm in the world. We have extensive experience in delivering high-quality audits under stringent PCAOB standards.

Our team consistently delivers high-quality audits, and we can skillfully scale our experience no matter the size of your public company. We have a dedicated team that serves private and family-owned companies, crafting our audit services to suit each client's specific needs.

We offer specialized services for private companies, whether it's to remain private, seek investment, or go public. Our teams have a deep understanding of the nuanced needs of private equity firms, funds, and their portfolio companies.

Our review team can analyze your financial statements, provide all three types of SOC reports, and conduct benefit plan audits. We offer a full range of audit services to address specific needs beyond traditional external audits.

PwC enhances the financial statement audit through ongoing commitment to technology.

We're continually reinventing and revolutionizing the financial statement audit process. Innovative audit technology powers the PwC financial statement audit, making it more efficient and effective.

By applying advanced technologies, practitioners can deliver new value to financial statement audit clients, unlocking value in the process.

PwC's audit teams use powerful tech and custom automations to streamline testing and focus on complex areas, making the audit process less burdensome.

The PwC audit is designed to be agile, streamlined, and effective, with a commitment to building trust in a changing world.

PwC was awarded the 2023 Digital Innovation of the Year award at the International Accounting Forum and Awards, a testament to their innovative approach to technology and assurance.

An independent audit provides assurance that your financial statements are accurate and reliable, enhancing credibility and trust with stakeholders.

Audits can be annual, and are often required or preferred, helping to enhance the overall quality of business processes for management and stakeholders.

Auditors consider economic environment influences, identify major risks of material misstatement, and establish appropriate audit responses.

Here are some key aspects of an audit:

Financial statement audits also ensure conformity with applicable financial reporting frameworks, providing more limited assurance than an audit but still ensuring accuracy and reliability.

Providing stakeholder assurance is a crucial aspect of audit and assurance services. It involves presenting a true and fair view of your company's financial performance and position to establish trust with ownership and other key stakeholders.

A qualified auditor can provide assurance that your financial statements are not materially misstated and meet financial reporting requirements. This can be achieved through an annual audit, which helps to enhance the overall quality of business processes for management and stakeholders.

Adhering to Generally Accepted Audit Standards (GAAS) is essential for providing stakeholder assurance. This involves considering economic environment influences, identifying major risks of material misstatement, and establishing appropriate audit responses.

Here are some key benefits of providing stakeholder assurance:

By providing stakeholder assurance, you can give your customers peace of mind, especially when it comes to managing private client information. SOC 2+ reports can validate your secure management of private client information, giving your customers the confidence they need to trust your business.

Financial statement audits provide an independent and objective assessment of the accuracy and fairness of financial reports. This can be a more cost-effective option for some organizations, providing more limited assurance than an audit.

Compilations are a type of financial statement service that provides a general understanding of your business's financial situation.

Unlike audits or reviews, compilations don't offer any assurance or express an opinion about your financial statements.

Fraud Risk Assessment is a crucial step in the audit process. It involves evaluating potential fraud risks and reviewing policies to ensure they're effective in preventing it.

To identify potential fraud risks, you need to review your organization's policies and procedures. This includes looking at financial reporting, internal controls, and employee conduct.

Developing management systems is also essential to prevent fraud. This includes implementing controls to prevent or detect unauthorized transactions, such as dual authorization for large transactions.

Implementing training programs for employees is also vital in preventing fraud. This can include training on ethics, compliance, and internal controls.

Regularly reviewing and updating these systems is also necessary to ensure they remain effective in preventing fraud.