Audited Financial Statements
At Louis Berry, CPA, LLC, I specialize in providing comprehensive Audited Financial Statements for businesses across various industries in the state of Florida. As a trusted Certified Public Accountant (CPA) firm, I understand the critical importance of accurate and reliable financial reporting. My audit services are designed to meet the highest standards of quality and compliance, ensuring your financial statements provide a true and fair view of your financial position.
What Are Audited Financial Statements?
Audited Financial Statements are a thorough examination and verification of a company's financial records by an independent CPA. This process involves a detailed review of financial transactions, internal controls, and accounting practices to ensure accuracy and compliance with generally accepted accounting principles (GAAP). The result is an audit report that provides stakeholders with confidence in the integrity of the financial information.
Industries Requiring Audited Financial Statements
Certain industries are mandated to have annual financial statement audits due to regulatory requirements or obligations from banking and financial institutions. These industries include, but are not limited to:
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Nonprofit Organizations: Regulatory bodies often require nonprofits to undergo annual audits to ensure transparency and proper use of funds.
Public Companies: Publicly traded companies must provide audited financial statements to comply with Securities and Exchange Commission (SEC) regulations.
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Real Estate and Construction: Companies in the real estate and construction industries may require audits for financing and bonding purposes.
Our Auditing Process
​My audit process is thorough and methodical, designed to provide you with a detailed and accurate assessment of your financial health:
Financial Institutions: Banks, credit unions, and other financial entities are required to submit audited financial statements to regulatory bodies such as the Federal Deposit Insurance Corporation (FDIC) and state banking regulators.
Healthcare Providers: Hospitals and healthcare organizations often need audited financial statements to meet state regulatory requirements and secure funding.
Government Contractors: Businesses that engage in government contracts may need to provide audited financial statements to comply with federal or state contract regulations.
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Planning and Risk Assessment:
I start by understanding your business, its environment, and identifying areas of potential risk.
Internal Control Evaluation:
I assess your internal control systems to ensure they are robust and effective.
Substantive Testing:
I perform detailed testing of transactions and account balances to verify their accuracy.
Reporting:
I compile our findings into a comprehensive audit report, including an opinion on the financial statements and any identified areas for improvement.
Why Choose Louis Berry, CPA, LLC for Your Audit Needs?
Louis Berry has been licensed in Florida for over thirty years, and brings extensive experience in conducting audits across various industries.
Thorough and Accurate: I adhere to the highest standards of auditing, ensuring that your financial statements are precise and reliable.
Regulatory Compliance: I stay updated with the latest regulations and standards to ensure your audit meets all necessary requirements.
Industry Knowledge: My deep understanding of industry-specific requirements allows me to provide tailored audit services that address your unique needs.
