VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
At Doeren Mayhew, we can provide your organization with the highest level of assurance and creditability into its financial position.
Validating the true strength of a company’s financial reporting infrastructure to its stakeholders can only be accomplished with impartial audits, reviews, compilations and agreed-upon procedures. Leveraging sound accounting practices and assurance services can help improve controls, create efficiencies and simplify management’s day-to-day financial decisions.
That’s why Doeren Mayhew offers a group of professionals with international, national, and regional audit and standard-setting experience who are passionate about developing and delivering an accurate financial picture of your organization.
Helping us maintain the highest standards of quality is a multi-step process to help ensure integrity, objectivity and independence on every engagement. We are also registered with the AICPA’s Peer Review Program, which is dedicated to enhancing the quality of assurance services performed by AIPCA members in public practice.
What are auditing services?
Auditing and assurance services are intended to provide business owners with confidence in the accuracy of their financial statements. In an audit engagement, the auditor must gain an understanding of the business’s internal control system and determine potential fraud risks.
What is an assurance service in auditing?
Assurance services are an independent service offered by your CPA that includes reviewing financial documents or transactions, including contracts, loans and more. The service verifies the correctness of the financial item.
What is the difference between audit and assurance services?
Audit services include closely monitoring a company’s financial statements, while assurance services include evaluating and analyzing different processes and operations.
Which companies are required to be audited?
Private companies, public companies and non-profits each would require an audit in certain situations, which may including providing financial credibility should you need a business loan or want to sell your business, detecting fraud within your organization and more. If you have questions about whether your business is required to be audited, ask Doeren Mayhew’s audit and assurance professionals.
Contact Doeren Mayhew today to learn more about our auditing and assurance services.
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