August 6, 2012
Auditing Introduction Letter
Greetings! To start off, I would like to introduce myself; my name is Leslie Brian, and I am a lead auditor for Nortex, Inc. Our organization is a leading firm in the industry, with offices in more than 20 states. We appreciate your company’s interest in our services. I have taken the opportunity to outline the following: the services we offer and their benefits, my role in the process, and our qualifications to provide the services. Our Services
Here at Nortex, Inc., we offer several auditing and assurance services. The most common is auditing of financial statements. In a financial statement audit, our auditors attest that financial statements are fairly stated in accordance with Generally Accepted Accounting Principles (GAAP). Publicly traded companies are required to have their financial statements audited annually by an independent auditor as required by federal law. Private companies often choose to have their financial statements audited as well to assist with obtaining financing. Nortex, Inc. includes auditing of internal controls during auditing of financial statements. With audits of internal controls over financial statements, auditors attest to effectiveness of internal controls. By having this audit included with financial statement auditing, users gain more confidence in reporting because having effective controls reduces the likelihood of misstatements. The in-depth examination and attestation provided by auditors allows users a higher level of confidence in internal controls and reporting for financial statements.
Another service we provide is review of financial statements. A review of financial statements is similar to an audit, in that auditors attest that financial statements are stated in accordance with GAAP. However, reviews provide a lower level of assurance at less cost. Reviews of financial...