ACCOUNTING
Back |
ACCOUNTING
RESPONSIBILITIES
- We will use
our skills as accountants on your behalf and we are responsible for
performing such work with due professional care within the framework
of our professional standards. However, as management of the entity,
you are necessarily more familiar with its operations, its personnel
and the reality underlying its books and records. Accordingly, your
management (and board of directors) will remain primarily responsible
for the data and information contained in the financial statements, as
well as for the evaluation of the capability and integrity of the
company's personnel and the maintenance of adequate accounting records
and internal controls for safeguarding the company's assets.
Periodically, we may give you a "draft" copy of your
financial statements to review. If there is anything in the draft
statements or final statements that are not completely clear to you,
please be sure to question us until you are satisfied.
ISSUANCE
OF REPORTS
- When we
compile financial statements or other financial data, our exercise of
professional due care includes important processes wherein we review
our own work. When such processes have been completed, our findings
are presented to you in a formal report. Accordingly, although we may
sometimes make a draft copy of your report available as a courtesy,
those finding are not to be relied upon or disseminated until our
completed report is issued.
OTHER
INFORMATION IN DOCUMENTS CONTAINING FINANCIAL STATEMENTS
- The inclusion
of our reports in documents containing information in addition to the
financial statements and our reports thereon (e.g., annual reports to
shareholders, regulatory filings, offering circulars, etc.) may
require us to perform additional procedures to fulfill our
professional or legal responsibilities. Accordingly, our reports
should not be used for any such purposes without our consent. In
addition, to avoid unnecessary delay or misunderstanding, it is
important that you give us timely notice of your intention to issue
any such document
|
