Financial Statement Audits

Financial Statement Audits

Overview

Financial Statement Audits are crucial for businesses to maintain credibility and transparency in their financial reporting. These audits involve a thorough examination of a company's financial records, ensuring they accurately reflect the entity's financial position. This service is essential for organizations seeking to establish trust with stakeholders, comply with legal and regulatory requirements, and understand their financial performance.

What’s Included in the Services?

Our Financial Statement Audit service includes a detailed review of balance sheets, income statements, cash flow statements, and shareholders' equity statements. We focus on identifying any discrepancies, evaluating internal controls, and assessing financial performance. Our team ensures compliance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), providing insights for better financial decision-making.

Faq's

Frequently Asked Questions

At Watter CPA, we believe that understanding your needs is the first step toward providing exceptional service. Determining the specific service required involves a thorough review of your financial situation, which is only possible with proper documentation and accurate data. This approach helps us deliver tailored solutions that best meet your needs and compliance requirements.

Below, you will find answers to some of the most frequently asked general questions. If you have more specific inquiries or require additional information, please feel free to Contact Us.

General Questions

01
What types of tax planning services do you offer?
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02
How often should I meet with my CPA?
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03
Can you help with IRS issues or tax problems?
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04
What is the process for starting a new business with your help?
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05
Do you offer virtual consultations?
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06
How do you ensure the confidentiality and security of my financial information?
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07
What should I do if I receive a tax notice from the IRS?
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08
How do I get started with Watter CPA?
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09
Do you electronically file my tax return or do I have to mail it in myself?
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10
Do you prepare out-of-state tax returns? 
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11
Can you help with Cryptocurrency, Blockchain, or NFTs?
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12
Can you file an extension for my tax return?
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13
What documents do I need to bring to do my taxes?
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14
Should I file my tax return as Married Filing Joint or Married Filing Separate?
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15
My child is in college. Can I still claim them on my tax return? 
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16
I received an inheritance. Do I have to report that on my tax return? 
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17
My elderly parents are not sure if they have filed taxes for the past few years. Can you help me find out? 
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18
My ex-spouse claimed our child erroneously on their tax return. What can I do? 
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