Conducted within the agreed-upon procedures of a contract, financial investigation involves the engagement of accounting and auditing experts by entities. These experts delve into specific matters or financial transactions to enhance management's understanding and provide valuable expert opinions on the identified concerns.
Prior to embarking on a Financial Investigation engagement at JASM Accountants LLC , our emphasis includes:
- Grasping the client's expectations within the respective area.
- Defining our scope, access to information, and acknowledging limitations.
- Leveraging our resource knowledge and expertise within the designated area.
- Adhering to professional standards, statutory, and ethical requirements.
- Establishing agreements on Terms of References (TORs), reporting frequency, timeline, and outlining our deliverables to the entity.