Financial Statement Audit

A financial statement audit is the examination of an entity’s financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The auditor’s report must accompany the financial statements when they are issued to the intended recipients.

The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business. The Securities and Exchange Commission requires that all entities that are publicly held must file annual reports with it that are audited.


Purpose of a Financial Audit

  • Required by Law: Audit of financial statements is normally perform as the requirement of law and other related authority. For example, the most financial institution is required by law and central bank to have their financial statements audited by an authorized CPA firm. You may also note that most of the security and commission authority also required the corporation listed in the stock exchange to have their financial statements audited.
  • Required by Shareholders or Board of Directors: Some entity is not enforced by law to have their financial statements audited, but it is the requirement of its shareholders, owners, and board of directors. This is to ensure that the financial statements that submit to them correctly prepare and no material misstatements. It also improves the integrity of management to the shareholders especially the minority shareholders that do not have their own key personal work in the entity.
  • Improve Financial Statements Credibility: The credibility of financial statements is generally crease from bankers, suppliers, creditors, and other related parties’ points of view. Because they believe that these financial statements have an independence party perform a technical review on their behalf.

Business planning & strategy

Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new ventures:

Work fewer hours — and make more money
Attract and retain quality, high-paying customers
Manage your time so you’ll get more done in less time
Hone sharp leadership skills to manage your team
Automate your business, so you can leave for days,

Safety net & build wealth

  • Option 1
  • Option 2
  • Option 3

You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.

Simple’s strategic marketing methodology has helped local businesses and others across the western U.S. achieve record growth during one of the worst economic periods in U.S. history. How? By auditing the effectiveness of current marketing efforts, developing and executing the right marketing strategy, then measuring and maximizing results to increase sales.

Simple Business Solutions helps businesses differentiate from competitors and make a lasting impression on prospects and customers. Simple dissects the ‘decision journey’ and gains insight into customer perceptions about your business and your competitors. Armed with this insight, Simple builds a powerful, memorable brand to establish your identity in a crowded marketplace.

competitor research & analysis

  • One
  • Two

Safety net & build wealth

A strong business plan requires going beyond intuition and experience, and supporting your idea with fact-based market research. Investors need to have confidence in your understanding of the market, so don’t let yourself down by skimping on research. We have access to fee-based, subscriber-only resources such as:

Don James/Semplice – Article and News research
HighVoltageBusiness – Company Research
Goovers – Company and Industry Research
IRISpace – Industry Research
Lexos-Nexos – Company, Industry, Market Research
Pronounce – market analysis report “slices”