An independent audit when a lender, investor or agency requires one

Audit, review and compilation reports are issued by Ebotagborndang Mbi, PLLC, a separately registered CPA firm.

Audit planning identifies where errors or omissions could materially affect readers' decisions. • Understand the business and its operating environment. • Assess risks affecting the financial statements. • Determine materiality, the significance of errors or omissions to statement users. • Evaluate the design and implementation of controls relevant to the audit. • Identify control deficiencies, weaknesses in how relevant checks are designed or carried out. You receive the agreed record requests and communications about matters identified during planning and control evaluation.

Audit procedures gather evidence supporting the financial statement amounts and disclosures. • Perform substantive procedures, tests of recorded amounts and supporting information. • Test selected balances and transactions. • Obtain external confirmations, responses from banks or other third parties. • Perform physical observation where relevant. • Use analytical procedures, comparisons that help identify unexpected relationships or changes. You receive the CPA firm's conclusions through the audit report and agreed communications.

The financial statement audit is priced at $15,000–$75,000+, with final scope confirmed in the proposal. • Independent auditor's report expressing an opinion on the financial statements. • Audited balance sheet, income statement, cash flow statement and notes. • Management letter with observations and recommendations. • Required communications to those responsible for overseeing financial reporting. • Agreed record handoffs and reporting schedule. You receive the agreed audited statement package, audit report and management and governance communications.