External Audit Services

Purpose of an external audit

The objective of an external audit of financial statements is to determine whether, in the auditor's opinion, the statements present fairly in all material respects - that is, they show a true and fair view in all material respects of the company's financial position, results of operations, and cash flows, in conformity with national or international generally accepted accounting principles (GAAP).

Procedure of the external audit

An external audit procedure consists of the following steps:

1. Appoint an auditor – independent auditors are chosen in the general meeting

2. Accepting the project – the auditor accepts the given project

3. Audit program – The overall company data is assessed by the auditor

4. Gathering evidence – Auditor cross-check company records and assets

5. Reporting – The audit report is prepared and submitted

Benefits of external audit

The external audit is organized to see the precision of the statements and the financial position of the company. The auditor looks into the financial investments to identify any irregularities.

Some of the benefits of external audit as below:

1. Ensuring compliance with government laws and regulation

2. Enhances financial credibility

3. Ensuring the accuracy of financial information

4. Prevention of fraud

How JAS ACCOUNTANTS can help?

We take our time to fully understanding each client and the business, which helps us identifying the key areas and risks to which the businesses are exposed. We plan our engagements based on an assessment of internal controls and resources at client organizations, which in turn helps us to provide cost effective external auditing services. The external audit ensures the completeness and accuracy of the accounting records within the accounting framework eradicating errors, frauds and misstatements. We, JAS ACCOUNTANTS LLC assist in seamless external audit services to help both private companies and the government to check accounting documents.