Frequently Asked Questions
Q1: What is auditing and assurance?
A: Auditing and assurance involve the examination of financial statements and other financial information to ensure accuracy, compliance with regulations, and reliability for stakeholders.
Q2: Why is auditing important for businesses?
A: Auditing provides confidence to stakeholders such as investors, lenders, and regulators by verifying the integrity and reliability of financial information.
Q1: What is the difference between accounting and bookkeeping?
A: Bookkeeping involves recording financial transactions, while accounting encompasses the interpretation, analysis, and reporting of financial information.
Q2: How can accounting and bookkeeping services benefit my business?
A: Accounting and bookkeeping services help businesses maintain accurate financial records, make informed decisions, comply with tax regulations, and monitor financial health.
Q2: How can accounting and bookkeeping services benefit my business?
A: Accounting and bookkeeping services help businesses maintain accurate financial records, make informed decisions, comply with tax regulations, and monitor financial health.
Q1: What is a business review?
A: A business review involves assessing various aspects of a business, including financial performance, operations, strategies, and market trends, to identify strengths, weaknesses, opportunities, and threats.
Q1: What is financial forecasting?
A: Financial forecasting involves predicting future financial performance based on historical data, market trends, and business assumptions to support planning and decision-making