All entities large or small must prepare some kind of financial reports on the financial performance of their companies. These reports ultimately help entities prepare tax returns, facilitate owners, managers make key financial & investment decisions, enable banks and lending institutions evaluate loans, and help meet certain mandatory requirements of government entities providing grants and other forms of assistance to companies.

An audit is a sophisticated independent evaluation of an entity’s financial statements. An audit provides the highest form of assurance with an opinion from the CPA that the financial statements and true and fair and in conformity with GAAP (Generally Accepted Accounting Principles). A review provides a limited form of assurance on the company's financial statement.

Unlike large or medium-sized entities, challenges facing small businesses are rather unique. At Krishnan Co, we are well aware of small business issues in an audit and our objective is not just to issue an opinion, rather to provide creative suggestions to management that helps to improve their accounting processes and control procedures.

Our assurance practice provides assistance in the areas of -

• Financial Statement Audits (for RFPs, external borrowings)
• Compliance Audits (eg. Student Financial Aid audit for the Dept. of Education)
• Internal Control Audit (SAS 70 audits)
• Financial Statement Reviews