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Task2.docx (2) Task 2 Task 2: Audit Service vs. Review Service for Mallory Construction,

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Task2.docx (2) Task 2 Task 2: Audit Service vs. Review Service for Mallory Construction, Inc Western Governors University Mallory Construction, Inc 4756 Westnedge Ave. Portage, MI, 49002 To Whom It May Concern: I ...

Task2.docx (2) Task 2 Task 2: Audit Service vs. Review Service for Mallory Construction, Inc Western Governors University Mallory Construction, Inc 4756 Westnedge Ave. Portage, MI, 49002 To Whom It May Concern: I have been given the task to provide you with information regarding audit and review services so that you can make an informed decision as to which is better for your company. I understand that the company is wanting to gain additional capital to assist with the upcoming expansion and needs an opinion about whether you should have an audit or review of your financial statements to assist with this. Before I give my opinion as to which service that I think would be better for your companys current situation, I want to give you some more information about each attestation service and what they provide for your company so that you can make a better decision for your company. Lets first look at audit services, what they entail, and the benefits of them to your company. Audits of historical financial statements are the most common attestation service that are offered to companies by CPA firms. With this service, CPAs ensure that all financial statements provided by your company follow the standards that you should be following (in the United States this would be the generally accepted accounting principles, GAAP). An audit will also allow the CPA to look at your companys risk of misstatement and operating controls that are set in place to prevent misstatement from occurring. A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .

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