The audit of financial statement from an independent auditor provides an acceptable assurance for the business owners and the stakeholders that the financial records present the true and fair financial position of the business.
Principles’ approach to auditing your financial statements starts with obtaining a deep understanding of your business industry and operations, including your internal controls policies and procedures, and ends with the expression of an opinion on the financial statements whether it was presented fairly in all material respects and whether it was presented in accordance with the Generally Accepted Accounting Principles or the International Financial Reporting Standards.

Much like an onsite, Principles Accounting virtual audit allows one of our experienced auditors to engage with your team via selected technology. Documents review and employee interviews can be easily facilitated, as well as the presentation of findings. Our team will work with you to identify which hardware and software elements will be most compatible with the audit plan.

Internal audit is an integral part of an organization that helps in compliance with the laws and regulations, effective management, improvement of staff performance, implementation of efficient controls over the business, and maintaining the strategic vision and decisions of the organization.
Principles Accounting will set all the policies, procedures and controls for each and every single aspect of your business to assure and monitor the solid bases of the financial progress, ethical environment, and the corporate social responsibility of your organization.

Principles Accounting will provide structured examination of your business financial records in an investigative manner to collect the sufficient evidence that can be used for legal proceedings in the court.
Businesses might be at any point of time in risk of fraud or embezzlement from insiders, requiring a strict action from the owner (s) or the managing director to get the sufficient proofs to prosecute the employee (s) behind these unethical acts such as : conflict of interests in which these particular employees choose their personal benefit over the organization, or embezzlement and misappropriation of assets where they steal or misuse the organization’s assets for personal benefit, and more types of frauds that require businesses for conducting forensic audit.

Any investor in the process of buying a business, requires a due diligence audit which is an investigation before the acquisition takes place and the transaction is finalized to have an acceptable assurance over all financial aspects of the business, the available workforce, capital assets, and the stakeholders such as suppliers, creditors, clients, and other debtors. The due diligence audit covers the legal status of the business as well, and outstanding liabilities with banks or governmental authorities.