Financial Records Auditing

Financial statement audits are more than just a regulatory compliance requirement; they are a fundamental aspect of corporate governance and financial integrity. Adelsberg & Co. specializes in providing comprehensive financial statement audits, applying rigorous standards to ensure that your financial reports accurately reflect your company’s financial position in accordance with Generally Accepted Accounting Principles (GAAP).

Our auditing process is meticulous and tailored to each client’s unique needs. It begins with a thorough planning and risk assessment phase, where we identify the areas of your financial statements that require the most attention. This initial phase is crucial for setting the scope and direction of the audit, ensuring that our efforts are focused and efficient.

We then proceed to evaluate the effectiveness of your internal controls. This evaluation is critical for understanding the processes and systems in place to prevent and detect errors or fraud. By assessing your internal controls, we can identify areas of risk and focus our audit procedures accordingly.

Substantive testing is the next step in our auditing process. Here, we verify the accuracy of the financial information through detailed testing of transaction records, account balances, and third-party verifications. This phase is where our expertise in accounting and auditing standards truly comes to the forefront, allowing us to gather sufficient evidence to form our audit opinion.

Our audit is not just a series of checks; it’s an opportunity for us to provide valuable insights into your financial operations. Throughout the audit process, we maintain open communication with your management team, discussing our findings and offering recommendations for improving financial reporting and internal controls.

At the conclusion of the audit, we issue a comprehensive report that includes our opinion on the fairness and accuracy of your financial statements. An audit by Adelsberg & Co. goes beyond fulfilling a regulatory requirement; it provides assurance to your stakeholders that your financial statements are reliable and that your company is committed to financial transparency and excellence.