A financial statement audit proposal is an audit or verification of the financial statements of a company along with the presentation of an audit opinion. Although companies have internal auditors, financial statement audits are usually performed by external accounting firms who specialise in auditing. The audit opinion given after the auditing process is over serves as an assurance that the statements are fair and there is no corrupting of any of the numbers mentioned there. This way the shareholders and other stakeholders of the company get confidence that the company is operating in a fair manner and their investments are safe. A company can get into trouble if any anomalies are found in the statements.
Sample Financial Statement Audit Proposal:
Proposal submitted by: ABC Auditing Services
Address: 422 Kenridge Park, New York
Proposal prepared on: February 12, 2012
Proposal submitted to: Phillip Adams
President, Keningston Finances
Address: 244 Key West Drive, New York
Proposal submitted on: February 14, 2012
Proposal name: Annual audit of financial statement
Purpose: The primary purpose of creating this proposal is to make an assessment of the company’s financial statements and summarise the report by also giving an audit opinion
Details of Financial Statement Audit Proposal:
- The accompanying balance sheets (FY12) of the company will be analysed and studied in details
- The company must also submit other important documents related to earnings, income and cash flows of this particular financial year
- All the auditing processes followed by us conform to the standards laid down by the United States governing body.
