What is an Audit?
An audit is an independent, systematic examination of your company’s financial records and statements to confirm their accuracy and compliance with applicable accounting standards and regulations. Audits help detect errors, fraud, or misstatements and provide assurance to stakeholders about the health of your financial data.
Typical audits cover financial statements, statutory compliance, internal controls, and operational procedures. Businesses may be required to undergo audits for legal obligations or to improve investor confidence.
What Are Assurance Services?
Assurance services are professional evaluations that improve the quality and reliability of financial and non-financial information. They go beyond audits by assessing the systems and processes behind your financial reporting to identify risks and suggest improvements.
These services help reduce the risk of incorrect or misleading information, enabling better decision-making for your business, investors, regulators, and other stakeholders.
Your Assurance Journey
Although we do not provide audit services directly, at GrowMax Advisory we are here to guide you on when and how to engage with trusted audit professionals, and help you understand assurance requirements as part of your business compliance journey.
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