Private Company Audits

Assurance Dimensions

Private Company Audits

Many private business are required to have annually audited financial statements in order to meet the requirements of a bank, investor(s), or in order to prepare for potential sale of the business (due diligence). Having properly audited financial statements and guidance will help to highlight the strengths of your business as well as address any risks in your organization.

Assurance Dimensions main focus has been auditing privately held businesses since day one. Our team of experienced staff can complete your business’ audit efficiently, effectively and at a fixed price. Together with our team years of experience and network partners we can also provide further insight into what we have seen work best for other organizations like your own.

Below is a list of industries that we have served in the past requiring audits.

  • Manufacturing
  • IT services, Hardware & software sales
  • Health/Medical Communication services
  • Real Estate
  • Retail Multiple Listing Services
  • Restaurants
  • Private Equity HVAC
  • Leasing Entities
  • Engineering Construction
  • Transportation
  • Consulting Franchising
  • Engineering
  • Auto Dealers Financial
  • HR/PEO/Staffing
  • Consulting Auto Dealers
  • Transportation
  • Private Equity

Most private company audits are completed by Assurance Dimensions in accordance with generally accepted accounting principles (GAAP). Our certifications require us to conduct our audits of these organizations in agreement with the American Institute of Certified Public Accountant (AICPA) and use of generally accepted audit standards (GAAS).

What sets Assurance Dimensions’ audit service apart from the rest?

  • Fixed fee pricing to give you assurance on the value you are receiving for our services
  • Efficient and effective audits completed by working directly with you and communicating timely
  • Utilizing only experienced personnel to make the audit as smooth as possible

Private Company Audit

Frequently Asked Questions

FAQ: When do I need an audit of my company’s financial statements?

Answer: As noted above, organizations obtain audits of their privately held business for various reasons:

  • Banking requirements (loan covenants)
  • Shareholder requests
  • Preparation for sale of the business
    • it is commonly recommended that you obtain multiple years’ worth of financial statement audits prior to preparing the business for sale as give a buyer assurance that your business’ financial statements have gone under examination by an independent third party accountant.
  • Financial statement checkup to obtain an independent analysis of the strengths and weakness of your business.

FAQ: What is the purpose of an independent financial statement audit?

Answer: To provide financial statement users with reasonable, but not absolute, assurance that the financial statements prepared by management are fairly presented in conformity with accounting principles generally accepted in the United States of America.

FAQ: How long does it take to complete an audit?

Answer: The audit timeframe will vary depending on the size of the entity, its internal accounting & bookkeeping functions, and the complexity and nature of the specific transactions it engages in.

FAQ: Will the audit be completed to meet reporting requirements and deadlines?

Answer: Assurance Dimensions works hand in hand with the client to ensure that the audits are completed and any deadlines and/or reporting requirements are met. Our continued commitment to provide quality audits is derived from the client relationships that we have built. Our experienced professionals work with clients to obtain the necessary audit support in a timely manner to ensure the audit is completed in accordance with required AICPA standards while simultaneously meeting the reporting requirements.

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We look forward to hearing from you. You can also send a message or request an appointment through the contact form below.

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(813) 443-5048

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