Stockholders, creditors, and private investors often need assurance that the
financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide
three levels of assurance to meet your needs.
Audit Services
An audit is the highest level of assurance that we can provide with regard to an organization's financial statements and disclosures. The objective of an audit
is to express an opinion on the fairness with which the financial statements present, in all material respects, financial position, results of operations, and cash
flows of an organization in conformity with generally accepted accounting principles.
Among other things, this involves an understanding of an organization's internal
control environment, management philosophy, organizational structure, ethical values and integrity. Typical audit procedures might include confirmations with third
parties, tests of transactions, analytical review procedures and discussions with management.
Generally, audits are performed because they are required by a lender;
regulatory agency, such as the state or federal government; or by the stockholders/members of the company or organization.
Attest Services
In addition to financial statement audits, Iryna AC also provides the following services:
Reviews
We review financial results by making inquiries of our clients' management and performing analytical procedures. Our review report expresses limited assurance that
there are no material modifications that should be made to the financial statements in order for them to conform to generally accepted accounting principles.
Compilations
We compile financial statements from client information in accordance with professional standards. No opinion is expressed about the underlying financial information.
Peer Review
Firms that perform services within the scope of the peer review standards and issue reports in accordance with AICPA professional standards must participate in an AICPA practice-monitoring program (peer review). The selection of the peer reviewer(s) is a critical step in ensuring that a firm?s peer review is efficient, cost-effective, and adds value to the firm?s quality control policies and procedures. Iryna AC provides the knowledge and skills needed to perform peer review services. We provide peer reviews for other CPA firms throughout California.
We are up-to-date on the latest regulations, and can perform an efficient Peer Review for your CPA firm, including
System Review
Engagement Review
Pre-Peer Review or Mock-Peer Review
Related Services
As a full-service business adviser to our clients, we offer a wide spectrum of related services that help with compliance, operational efficiency and profit maximization:
