Accounting and auditing of financial statements
Do you manage an organization or a company that is are required to audit financial statements? Concerned about the consequences? Rest easy … audits are not only a legal obligation – they are also an excellent opportunity to gain an impression of the organization’s performance from a new and independent point of view. In this manner, a comprehensive audit supports effective organizational conduct to improve performance!!
So, what do you do and who do you choose? Your organization deserves the best, expert accountants with knowledge and experience on both sides of the fence! Gelfman Certified Public Accountants audits financial statements while ensuring full transparency and reliability, in accordance with accepted auditing standards.
How is the audit carried out, and for whom is it intended?
An audit or an external audit is one of the main functions of an accountant, often known in this context as “the auditing accountant” or “the auditor”. The initial need for auditing accounts derived from the desire of the owners of companies to ensure that there is no embezzlement or irregularities in their companies. Over time, the field developed and became a mandatory standard in Western countries and currently, not only the owners of companies, but also many other entities are the consumers of the auditor’s data, such as banks, governmental authorities, external investors, creditors, suppliers and customers.
They all rely on the professional and independent opinion provided by the auditing accountant. For example, banks, credit companies and suppliers can use the data to determine the credit rating, the tax authorities can use the data to determine the amount of taxation and investors can use the data to calculate the feasibility of investing in the company’s shares.
An audit of the financial statements is carried out in order to provide an external and independent opinion of the financial statements of the audited company.
An opinion signed by the auditing accountant is attached to the financial statements and assists the users of the statements to assess the business situation of the company which is reflected in the financial reporting and the level of compliance of the reporting with the accepted accounting rules.
The Institute of Certified Public Accountants in Israel defines the purpose of the audit as follows: “The purpose of the audit is to enable the auditor to express an opinion as to whether the financial statements adequately reflect, in accordance with generally accepted accounting rules, in all material aspects, the financial position of the auditee, the results of the operations, changes in equity and the cash flows thereof.”
Audit by a knowledgeable accountant
At Gelfman Certified Public Accountants, the role of the auditor does not end only with the examination of the numerical data. With our experience in the local and global business world, you will benefit from financial statement audits with a broad business perspective, taking into account a variety of factors while striving for a high – quality and accurate audit. For more information, call 03-5468870 or fill in your details on our website, and we will contact you as soon as possible.
Gelfman Certified Public Accountants accounting and auditing services include:
• Audit and review of financial statements.
• Preparation of financial reports
• Audit of performance and other reports for financing and / or supervisory bodies.
• Consulting on accounting issues.
• Preparation of accounting and expert opinions.
