Providing Confidence with Reviewed Financial Statements and Tailored Procedures
At Sen & Associates, PLLC, we know that having reliable financial information is crucial for building trust and making informed decisions. Our assurance services are designed to provide businesses with clarity and confidence through reviewed financial statements and agreed-upon procedures (AUPs).
Whether you need assurance to satisfy lenders, investors, or regulatory requirements, or seek targeted insights into specific financial matters, our team delivers solutions tailored to your unique needs with the utmost professionalism and precision.
Our Assurance Services
1. Reviewed Financial Statements
A reviewed financial statement provides limited assurance that your financial statements are free of material misstatements, offering a higher level of confidence than unaudited financials. It’s a cost-effective alternative to an audit and is often required by lenders, investors, or other stakeholders.
How We Assist:
- Conduct analytical procedures and inquiries to assess the accuracy and plausibility of your financial statements.
- Identify potential discrepancies or areas needing further clarification to improve the reliability of your financial data.
- Issue a review report, providing limited assurance that your financial statements conform to applicable accounting standards, such as GAAP or IFRS.
Ideal For:
- Businesses seeking financing or investment.
- Entities requiring enhanced financial credibility for third-party stakeholders.
- Companies preparing for future audits or scaling operations.
2. Agreed-Upon Procedures (AUP)
An agreed-upon procedure engagement involves performing specific procedures that are tailored to your needs or those of a third party (e.g., lenders, investors, or regulatory bodies). Unlike audits or reviews, AUPs provide factual findings without assurance, offering focused insights into specific areas of your financial operations.
Common Applications for AUPs:
- Evaluating the accuracy of specific financial data (e.g., accounts receivable, inventory).
- Testing internal controls over financial reporting or operational processes.
- Validating compliance with contractual terms, regulations, or grant requirements.
- Investigating unusual transactions or anomalies.
How We Assist:
- Collaborate with you to define the scope of the engagement based on your requirements.
- Perform the agreed-upon procedures with accuracy and precision.
- Deliver a detailed findings report, providing factual results to support decision-making or meet third-party expectations.
Why Choose Sen & Associates for Assurance Services?
Our team has extensive experience preparing reviewed financial statements across various industries, ensuring your statements meet all applicable standards and stakeholder expectations.
Every engagement is customized to align with your business’s specific needs and goals, ensuring the most relevant and actionable insights.
As independent professionals, we provide unbiased findings and reports that you and your stakeholders can trust.
We keep you informed throughout the engagement and deliver easy-to-understand reports that add clarity to your financial data.
Our assurance services often uncover opportunities to improve internal processes, enhance controls, and strengthen financial reporting, creating added value for your business.
When to Consider Our Assurance Services
- Lender or Investor Requirements: When reviewed financial statements are necessary for securing financing or attracting investors.
- Internal Control Validation: When assessing the effectiveness of financial or operational controls.
- Regulatory or Contractual Obligations: When demonstrating compliance with legal or contractual requirements.
- Specific Financial Inquiries: When you need focused insights into specific financial data or transactions.
Build Confidence in Your Financial Reporting
At Sen & Associates, PLLC, we provide assurance services that go beyond compliance. Whether it’s preparing reviewed financial statements to meet stakeholder demands or performing targeted agreed-upon procedures to address specific concerns, we deliver clarity and confidence to support your financial and business goals.
Contact us today to discuss how our assurance services can help you achieve greater trust, transparency, and confidence in your financial reporting.