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CITY OF SPRINGFIELD, MISSOURI DIVISION OF PURCHASES REQUEST FOR PROPOSAL NO. 1722016AUDITING SERVICES: FINANCIAL STATEMENTS RFP Due Date:3:00 P.M. on Thursday, May 12, 2016Location: Purchasing Division,

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How to fill out auditing services financial statements

01

Start by collecting all relevant financial records, including income statements, balance sheets, and cash flow statements.

02

Review the accounting policies and procedures implemented by the organization to ensure accuracy and adherence to generally accepted accounting principles (GAAP).

03

Carefully analyze the financial data and ensure all figures are accurately recorded and classified.

04

Prepare supporting schedules or documentation for any significant transactions or balances.

05

Calculate key financial ratios to assess the company's performance and financial health.

06

Draft the audited financial statements, including the auditor's report and any necessary disclosures.

07

Review the final statements for accuracy and completeness before issuing them to stakeholders.

08

Obtain approval and sign-off from management or the organization's board of directors.

09

File the audited financial statements with the appropriate regulatory bodies, if required by law or regulations.

10

Continuously monitor changes in accounting standards and update the financial statements accordingly for future audits.

Who needs auditing services financial statements?

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Auditing services financial statements are needed by various entities:

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- Publicly traded companies that are required to have their financial statements audited by law.

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- Private companies that need to provide audited financial statements to secure loans or attract investors.

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- Non-profit organizations that receive significant funding from donors and are accountable for their financial activities.

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- Government agencies that must demonstrate transparency and accountability in their financial management.

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- Individual stakeholders or shareholders who want objective assurance on an organization's financial statements.

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What is auditing services financial statements?

Auditing services financial statements involve examining and verifying a company's financial records to ensure accuracy and compliance with regulations.

Who is required to file auditing services financial statements?

Publicly traded companies and some private organizations with stakeholders may be required to file auditing services financial statements.

How to fill out auditing services financial statements?

Auditing services financial statements are typically filled out by trained auditors who review financial records, transactions, and reports to provide an objective opinion on the company's financial health.

What is the purpose of auditing services financial statements?

The purpose of auditing services financial statements is to provide assurance to stakeholders that a company's financial information is accurate and reliable.

What information must be reported on auditing services financial statements?

Auditing services financial statements must include details on the company's assets, liabilities, revenues, expenses, and overall financial performance.

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