Audit & Assurance
Why John K. Jang CPA?
- Enhance the credibility of your financial statements
- Identify weaknesses in internal controls and financial processes
- Gain valuable insights into financial operations and efficiency
Comprehensive Audit & Assurance Solutions
John K. Jang CPA Professional Corporation provides comprehensive assurance services tailored for privately held companies. Our expertise covers compilation, review, and audit engagements for corporations, partnerships, and self-employed individuals.
We also specialize in not-for-profit reporting, and specialized reporting for financial institutions, lenders, and bonding institutions.
What We Can Do for You
We provide financial statement reporting at all three levels of assurance.
Audit Engagement
An audit engagement is a thorough examination of financial statements, providing the highest level of assurance of their accuracy.
Audits are often required for public companies, regulated industries such as condominium corporations, insurance companies, and credit unions, as well as not-for-profit organizations.
Companies with multiple shareholders or significant bank debt may also need audited financial statements for lenders, government agencies, or other third parties.
Additionally, potential buyers often require audits to assess a company’s financial position for valuation purposes.
Review Engagement
A review engagement provides limited assurance on financial statements through inquiry and analysis, ensuring compliance with GAAP.
It is typically used by companies needing moderate assurance, businesses with multiple shareholders, or those required to report to banks or lenders.
Compilation Engagement
A compilation, or Notice to Reader, provides no assurance, as financial statements are prepared based on information provided by management.
It is primarily used for corporate tax filings, internal management purposes, or when required by a bank.