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Contract Review Sheet FI285319Amendment #:Contact: Sabrina Department: Finance DepartmentPhone #: 5035663974Analyst: Sabrina HayFI285319 (1)Contract for Services #:1Title: Annual Audit Services Contractor\'s
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01
Understand the scope of the audit or assurance service required.
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Gather all relevant financial documents and data.
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Perform preliminary risk assessments to identify potential areas of concern.
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Conduct fieldwork by testing the accuracy and validity of the financial information.
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Analyze the findings and prepare a report with recommendations.
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Present the report to the relevant stakeholders and discuss any issues or concerns.

Who needs audits amp assurance services?

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Business owners who want to ensure the accuracy and reliability of their financial statements.
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Investors who require assurance on the financial performance of a company.
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Regulators who need to ensure compliance with laws and regulations.
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Non-profit organizations seeking donor confidence in their financial management.
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Audits and assurance services are services provided by certified public accountants to examine and report on the accuracy of financial statements.
Businesses and organizations that are required by regulatory bodies or stakeholders to provide an independent assessment of their financial statements.
To fill out audits and assurance services, companies need to engage a certified public accountant to conduct the audit and provide a report on the findings.
The purpose of audits and assurance services is to provide assurance to stakeholders about the accuracy and reliability of financial information provided by a company.
The reports should include an opinion on the fairness of the financial statements, any significant findings, and recommendations for improvement.
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