Assurance engagement
Opening Balance & Transition Support
Assurance work on opening balances when you change auditors or move from compilation to audit for the first time.
Who it is for
Companies appointing Umibe for the first audited year or after a change of auditor.
Result you receive
Comfort that opening equity and comparative figures are suitable for the current-year opinion.
Included
- Review of prior-year statements and significant accounting policies
- Testing of opening cash, receivables, and inventory where material
- Coordination letter with predecessor auditor when available
Not included
- Restatement drafting of prior-year financials (advisory referral available)