Robert D. Ben-Kori, CPA



Audit

During an audit, we examine your financial statements in accordance with generally accepted auditing standards. We then express our opinion as to whether the statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles.An audit offers the highest degree of assurance regarding financial statements. Thus, an audit requires significant testing of the underlying financial transactions and a study of the internal control structure.It includes confirmation with outside parties, physical inspection and observation, tracing transactions to supporting documents, and a number of other tests. As a result, an audit often is preferred not only by third parties but also by members of management seeking an in-depth examination of the organization's financial reporting. Many nonprofit organizations which receive federal financial assistance are required to have a single audit in accordance with OMB Circular A-133.