They aim to improve the quality and reliability of information used for decision-making. Imagine assurance services as a team of expert investigators, meticulously examining information and processes to provide objective insights.
Assurance involves the independent evaluation and validation of information to provide confidence to stakeholders that it is reliable, accurate, and trustworthy.
Our business structure gives our audit professionals ready access to technical specialists where needed, including specialists in accounting and assurance matters, information technology, tax matters and complex valuations.
At IXL, we believe in the power of personal relationships. We work alongside you to identify your business issues so that the solutions we develop are exactly what you need. That is why we have industry sector teams who provide a holistic solution and a level of comfort associated with many years’ experience in their field of expertise.
Assurance promotes transparency by ensuring that organizations disclose relevant information in a clear, accurate, and timely manner. Transparent reporting fosters accountability and allows stakeholders to make informed decisions based on reliable information.
Assurance helps identify and mitigate risks associated with inaccurate or incomplete information. By verifying the reliability of data and internal controls, assurance providers help organizations identify areas for improvement and implement measures to mitigate potential risks.
Assurance services help build trust between organizations and their stakeholders, including investors, creditors, regulators, and the general public. By providing independent validation of information, assurance instills confidence in the integrity of financial and non-financial data.
Many assurance services are designed to ensure that organizations comply with legal and regulatory requirements, industry standards, and best practices. Compliance assurance helps organizations avoid penalties, legal disputes, and reputational damage resulting from non-compliance.
Assurance services play a critical role in promoting trust, transparency, and accountability in organizations. By providing independent validation of information, assurance helps stakeholders make informed decisions, mitigate risks, and support the long-term success and sustainability of organizations.
A financial statement audit involves an independent examination of a company’s financial statements by a certified public accountant (CPA) to ensure they are free from material misstatement and present a true and fair view of the company’s financial position.
Internal audit involves an independent assessment of a company’s internal controls, risk management processes, and operational efficiency. Internal auditors provide recommendations for improving controls and processes to enhance organizational effectiveness.
Review engagements involve a less extensive examination of financial statements compared to audits. A review provides limited assurance that the financial statements are free from material misstatement but does not involve the same level of testing and verification as an audit.
Agreed-upon procedures engagements involve performing specific procedures agreed upon by the client and the auditor to address particular areas of concern or interest. AUP engagements provide assurance on specific aspects of financial information or operations.
Tax audit and review services under assurance provide companies with confidence and assurance regarding their tax reporting and compliance. Whether through a comprehensive audit or a high-level review, these services help ensure accuracy, compliance, and optimization of the company’s tax position, ultimately supporting its financial integrity and credibility.
