Affluent Financial Services is a US Based CPA firm. Our core services include Financial Audits, CFO Services, Bookkeeping & Tax Services.
(301) 921 8585
Successfully Providing IFRS Auditing Services for 30+ Years
IFRS is now known as a common global language for business accounting so that an entity’s operations and financial performance are easily understood and compared across international boundaries.
An audit for financial statements under IFRS ensures that a company's financial reporting aligns with International Financial Reporting Standards.
Our expert auditing services have transformed the financial operations of our clients. Partner with us and experience the difference.
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An IT audit report detailing system vulnerabilities and recommendations for strengthening IT controls.
A forensic audit report with findings, evidence, and recommendations for legal action or remediation.
A compliance report highlighting areas of non-compliance & recommendations for corrective actions.
A report on the adequacy and effectiveness of internal controls, with suggestions for enhancements.
An audit report expressing an opinion on whether the financial statements are free from material misstatement.
A specialized audit report addressing the particular needs and concerns of stakeholders.
A risk assessment report with analysis of risks and suggested risk management improvements.
A report with findings and recommendations to improve operational efficiency and effectiveness.
Ensures that the financial statements adhere to globally accepted accounting principles, facilitating cross-border business activities and investment opportunities.
Promotes clear and transparent financial reporting, providing stakeholders with a comprehensive view of the company's financial health.
Assesses the effectiveness of internal controls and risk management processes, helping to identify and mitigate potential financial risks.
Increases confidence among investors, creditors, and other stakeholders by providing an independent verification of the accuracy and reliability of financial statements.
Ensures the company meets various regulatory requirements, avoiding legal penalties and enhancing the company's reputation.
Provides management with accurate and reliable financial information, aiding in better strategic decision-making and resource allocation.
Detects material misstatements due to fraud or error, ensuring the integrity of financial information.
Enhances the company’s ability to attract investment and secure financing by demonstrating financial reliability and compliance with international standards.
Aligns the company's financial reporting with globally accepted accounting practices, facilitating international business operations and expansions.
Strengthens corporate governance by ensuring the financial reporting process is robust, transparent, and reliable.
Trust our experienced auditing professionals to ensure accurate financial management and adherence to regulatory standards.
Seamlessly tailor our auditing services to your changing needs, guaranteeing ongoing growth and adaptability under IFRS.
An audit for financial statements under IFRS involves an independent examination of a company's financial statements to ensure they comply with International Financial Reporting Standards, providing a true and fair view of the financial position and performance.
Compliance with IFRS is important because it enhances the comparability, transparency, and reliability of financial statements, which is crucial for investors, regulators, and other stakeholders.
An IFRS audit ensures that financial statements present accurate and clear information, free from material misstatements, thereby improving transparency and providing stakeholders with reliable financial data.
IFRS is a set of globally accepted accounting standards that focus on transparency, comparability, and reliability, whereas other standards, like US GAAP, may have different requirements and principles specific to certain jurisdictions.
An IFRS audit evaluates the effectiveness of a company's internal controls and risk management processes, helping to identify and mitigate potential financial risks, thereby supporting overall risk management.
Yes, an IFRS audit can enhance a company's credibility and reliability in the eyes of foreign investors, facilitating easier access to international capital and investment opportunities.
An independent auditor examines the financial statements to ensure they comply with IFRS, providing an unbiased opinion on their accuracy and reliability, which enhances stakeholder trust.
Companies typically conduct an IFRS audit annually as part of their regular financial reporting and compliance processes, but the frequency can vary based on regulatory requirements and business needs.
The compliance will help streamline financial reporting and minimize reporting cost as a result of common reporting systems and consistency in statutory reporting.
Our audit tools include paperless audit software and applications, including detailed work programs to document the audit procedures performed and supporting documents such as copies of significant contracts, bank confirmations, investment balance confirmations, legal confirmation etc. Based on our findings, we issue a report on whether the financial statements are free of material misstatements and prepared in accordance with IFRS. Our risk based approach and paperless working environment has helped us work in a very efficient and effective manner, reducing the overall cost of an audit and improving our internal documentation and compliance with appropriate professional standards.
