Receive a meticulous audit of your organization’s financial statements from an experienced strategic planning firm — Molinari Oswald.

Our Financial Statement Audit Services

Molinari Oswald performs financial statement audits for companies of all sizes. A financial statement audit provides independent assurance that the entity’s records accurately and fairly represent its financial position.

Our auditors, many of whom are CPAs, compare the company’s statements against U.S. Generally Accepted Accounting Principles to validate their accuracy. We align our services with Generally Accepted Auditing Standards (GAAS), ensuring our analyses are comprehensive in scope and acute in detail. Some of these procedures may include:

• Observing certain assets, including inventory and fixed assets.
• Searching for unrecorded liabilities.
• Verifying transactions with third parties.
• Applying analytical procedures to identify unusual items.
• Testing significant transactions by examining supporting documentation.

Benefits of Financial Statement Audits

Hiring our professionals to audit financial statements can benefit your business in numerous ways:

• Expense awareness: Analyze business expenses and spending under a magnified lens to form plans and build budgets with a heightened understanding of the organization’s revenue requirements.
• Tax compliance: Reference accurate statements when filing taxes to pay the correct amount, justify your installments and dispute erroneous claims.
• Shareholder and investor confidence: Approach shareholder meetings or investor presentations to convey your company’s value and forecast its future success.
• Operational efficiency: Identify inefficiencies across departments and form deliberate strategies that address areas where the organization can reduce costs.
• Fraud prevention: Recognize warning signs that indicate fraud from external or internal actors.
• Collaboration success: Springboard profitable business collaborations or mergers by referencing accurate financial statements during ideation sessions.
• Organizational dexterity: Back decisions with accurate, verifiable financial information when mobilizing new revenue initiatives, upscaling the business or experimenting in new markets.

When to Seek Financial Statement Assurance Through an Audit

An audit may be appropriate when the entity needs to provide a high level of assurance to a third party. Additionally, an audit can strengthen a business’s planning before making a major change. You may consider obtaining a financial statement audit when:

Selling the Business or Undergoing Mergers and Acquisitions

This type of service may be especially fitting when preparing to sell or merge with another business. An audit can convey the business’s full value to potential buyers, improving the selling price. During mergers and acquisitions, an audit can provide accurate, detailed financial information that assists in leadership’s decision-making. Some organizations may specifically require this level of review before a merger.

Applying for a Business Loan

Our audits support companies when seeking complex financing for large purchases. We can help you more easily qualify for a loan when buying property, constructing new facilities, taking a new product to market or integrating new equipment.

Paying Business Taxes

A financial statement audit can optimize your approach to tax season. Verifying your statements’ accuracy will help the accounting department calculate what the company owes to prevent overpaying or underpaying.

Responding to an IRS Audit

Our third-party audit will provide the information you need to dispute IRS claims. We can conduct an audit on financial statements dating back multiple filing years, covering the full window the IRS may scrutinize.

Schedule a Financial Statement Audit With Molinari Oswald

With over 25 years of experience and leadership from esteemed CPAs, Molinari Oswald conducts meticulous financial statement audits for diverse businesses. Please complete our service request form to schedule an audit. For more information about our capabilities, contact Molinari Oswald online or call 610-756-9427 today.