Mr. Ali S Paul, CFA, CPA
We bring skilled professionals to the challenge of Audit, Tax, & Startegy Services
CPA firm specializing in financial statement audit, review, and compilation services for Michigan businesses in a wide range of industries and sizes. Our commitment to our clients has enabled the firm continued growth and success at developing and maintaining strong professional relationships. We separate ourselves from our competition by:
• Extensive Partner involvement on each engagement
• Timeliness of communications
• Proactive approach in addressing complex issues early in the engagement
• On-demand availability of partners and managers to clients as a specialized resource
• Professionalism with understanding
We believe our unique combination of technical expertise, combined with our philosophy of total client commitment throughout all phases of the engagement provides our clients the highest quality service available.
A financial statement review is significantly less in scope than an audit and can provide a cost-efficient means for business stakeholders to obtain limited assurance that no material modifications need to be made to the financial statements for them to be in conformity with the applicable reporting framework (e.g., GAAP). A review typically involves analytical procedures, inquiries with management, and investigations of inconsistencies.
A financial statement compilation is a service to assist the management of a business in presenting its financial statements. This engagement involves no activities to obtain any assurance that there are no material modifications needed for the financial statements to be in conformity with the applicable accounting framework (e.g., GAAP).
The fundamental purpose of an audit is to provide independent assurance that management has, in its financial statements, presented a “true and fair” view of a company’s financial performance and position. It underpins the trust and obligation of stewardship between those who manage a company and those who own it or otherwise have a need for a clear and objective view. And that list of stakeholders is wide — from the audit committee, shareholders, employees and suppliers, to customers, banks, regulatory bodies and analysts. An audit typically involves planning and risk assessment, understanding/testing internal controls, analytical procedures, substantive testing of source information, and an opinion report.