An audit is the highest level of assurance conducted in accordance with the Generally Accepted Auditing Standards (GAAS) as laid down by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA).
An audit is an objective examination and evaluation of the financial statements including review of internal controls, testing of transactions on a sample basis, and communication with third parties in order to express an opinion on whether the financial statements are fairly stated and free from material misstatements either due to fraud or error.
Rakesh Jain, CPA PC’s Innovative Audit Approach
Rakesh Jain, CPA PC provides high-quality audits that help our clients see further and deeper into their business. We audit to assisting organizations in meeting stakeholder expectations by enhancing trust and ensuring quality, consistency, and independence. This begins with the completeness, accuracy, and fair presentation of information in our client’s financial statements and disclosures.
To start with, we plan an audit with a deep understanding about the business, the industry in which it operates, and the applicable regulatory requirements. We assess the risks the company faces, and the way management control these risks. Our audit engagement team is digitally upskilled and uses leading-edge technology along with knowledge, skill, experience, and professional skepticism to deliver high quality data-driven audits.
