Audit service
Audit Services
The focus of the audit and assurance Team is to provide you with a quality product that suits your needs, to provide helpful suggestions that improve your operations, to provide financial guidance when necessary, and to provide a level of service that will result in a long-lasting relationship. Our goal is to be first on your mind when you have a question, and we take the time necessary to build that type of relationship.
We provide a myriad of services including, but not limited, to the following:
External Audit
Review
Compilation
Agreed-Upon Procedures
Internal audit
Audit - Highest Level of Assurance Service
BIKO’s audit service is our highest level of assurance that we can provide to our clients. We use a risk-based approach tailored by our understanding of your business and the technical accounting guidance. This customized approach allows us to focus on the areas that matter to you and your stakeholders. Our audit service will give you the confidence that your financial reporting is accurate and transparent. Further, at the end of each audit, we will provide you with our findings and recommendations to any internal control matters or significant accounting policies.
Review - Limited Level of Assurance Service
BIKO’s review service provides limited assurance that there are no material modifications to the financial statements. Like an audit, we use a risk-based approach customized by our understanding of your business and the relevant technical accounting standards. However, we rely on inquiries and analytic to arrive at our conclusions. Our review service will give you the confidence that your financial reporting is materially accurate and transparent.
Compilation - Lowest Level of Assurance Service
Converting your data into a financial statement can be challenging. Here at BIKO our compilation service simplifies this process to convert your financial data because we understand accounting. As part of our process, we read every financial statement for obvious errors prior to it being issued to you. Our compilation service gives you the confidence that the financial statements accurately reflect your data.Our clients that select this approach do not need assurance that their financial statements are audited or reviewed. However, they want a Professional to compile their financial data into financial statements