AUDIT & ASSURANCE SERVICES
1) Financial Statements Audit
We adapt our audit services to fit your unique needs, but what doesn’t change is the exceptional service quality we deliver to all our clients. Whether you’re already at the top or you’re on your way up.
The quality of our audit starts with each of our assurance professionals who have the breadth of experience that comes from auditing many of the world’s leading and fastest growing companies and to whom we provide the best available ongoing personal and professional development.
We provide a consistent audit by assembling the right team to address the most complex issues, using a proven methodology and deploying the latest, high quality auditing tools and perspectives. And because we understand that, to achieve your potential, you need a tailored service as much as a consistent methodology, we work to give you the benefit of our deep sector knowledge, our full subject matter knowledge and the latest insights from our work worldwide.
Audits are performed often times because they are required by law. However, audits exist because they add value to an organization. How?
Added credibility. When management of an organization communicates with the organization’s stakeholders about its performance the message will be more credible and effective when it is backed up by the organization’s audited financial statements and the auditors’ opinion on the fairness and accuracy on those financial statements. Audits are especially important for governmental entities and nonprofit organizations to ensure the public trust.
Reduced risks. Because of human error or fraud, many organizations experience material misstatements, which oftentimes can jeopardize the future of the company. A financial audit will identify control systems that should be implemented or strengthened to prevent or stop these issues.
Better loan rates. Without audited financial statements a lending partner may not have the assurance a company is well positioned to repay the loan. As such, the lenders may lend money at higher interest rates to mitigate their lending risks. Providing the lender with audited financial statements to support the company’s financial situation may result in more desirable loan terms.
More business opportunities. Oftentimes contractors will need to present audited financial statements to insurance companies in order to qualify for bonding. Franchisors and sellers of business opportunities must present audited statements as part of their sales offering circulars. With raised levels of credibility, nonprofit organizations are more likely to receive funding from donors and granting agencies.
A financial audit is the detailed testing of a company’s financial records, transactions, and reporting procedures. The goal of a financial audit is to verify your company’s financial position is being accurately reported in all material aspects. As a result of the financial audit, Gaber & Co auditors will express an opinion on the fairness and accuracy of your company’s financial statements as well as suggest improvements to the organization’s control systems.
Contact our team for more ...
Bassem Gaber, CPA
Managing & Audit Partner
2) Financial Statements Review
Certain entities may not need the level of assurance that an audit provides. A review includes the performance of inquiry, analytical and other procedures by members of our team to accumulate evidence to obtain limited assurance that an entity’s financial statements are free of material misstatements. A compilation consists of assisting management in presenting financial information in the form of financial statements.
3) Agreed Upon Procedures
Prospective financial information relates to events and actions that have not yet occurred and may not occur. Although evidence might be available to support the assumptions underlying the prospective financial information, such evidence are usually set to the future and, therefore, of a speculative nature, very distinct from the evidence usually available in the audit of historical financial information.
An examination of prospective financial information aims to issue an opinion on whether the prospective financial information was, or not, properly prepared on the basis of stated assumptions, including a negative assurance statement on which those assumptions provide, or not, a reasonable basis for the preparation of the prospective financial information.
This type of examination is used mainly in budget analysis and prospective financial information contained in other documents (prospects e.g.), but it can be used for other purposes related to legal, statutory or regulatory requirements or under the initiative of the entities themselves.
Our Service covers:
Examination of Financial Forecasts and Projections.
Examination of Company’s KPIs
7 Al-Menya St, Beside British Council, Heliopolis
+20(122)499-6555 I +20(100)116-8840 I +20(2)2454-7464
Twitter: GCO Accounting Firm
Linkidin: GCO Accounting Firm
Sunday - Wednesday 8:00 a.m - 4:00 p.m
Thursday 8:00 a.m to 3:00 p.m