FINANCIAL STATEMENT REVIEW SERVICES – TGS VIETNAM

Financial Statement Review Services

Are you concerned about the efficiency and structure of your company’s accounting system? Do you want to check your accounting practices, tax settlement, and financial reporting? Are you looking to ensure the legal compliance of your accounting records and ledgers?

If you’re unsure how to meet these needs, TGS Vietnam’s financial statement review services can help your company fulfill all of them.

What is a Financial Statement Review Service?

A financial statement review service is provided by professional auditors with experience in tax consulting, accounting, and auditing. It involves reviewing the figures, assessing, and verifying the accuracy of a company’s or organization’s financial statements. The review service can include confirming the accuracy and reasonableness of the numbers and explanations in the report and evaluating the overall quality of the financial statements. A financial statement review is necessary for companies to ensure they provide accurate and reliable financial information to shareholders, investors, and regulatory agencies, aiding their business decisions.

What is a Financial Statement Audit Service?

A financial statement audit service is provided by an auditing firm to issue an audit opinion on the accuracy of a company’s or organization’s financial statements, based on materiality and the auditor's judgment. The audit process includes reviewing, evaluating, and verifying the data in the financial statements and providing an audit report that offers an opinion in line with auditing standards.

Why Do You Need Financial Statement Review and Audit Services?

Financial statement review and audit services help businesses assess the capability and professional competence of their accounting staff. This minimizes risks due to lack of understanding of laws or changes in regulatory requirements, especially for foreign enterprises that may not be familiar with tax, accounting, insurance, or trade laws.

The review and audit of financial statements also provide reports and analyses that help clients assess the actual operational situation of their businesses, leading to informed decisions about the company’s performance.

Contents of Financial Statement Review and Audit Services

When clients choose financial statement review services from TGS Vietnam, our team of experts in finance, accounting, and auditing will perform the following tasks:

• Review policies, procedures, and the organizational structure of the accounting department and related departments.

• Check the current state of the company’s accounting system.

• Verify the compliance of accounting documents.

• Check the recorded transactions to ensure they comply with accounting standards and tax laws.

• Verify the existence of balances on the balance sheet through audit procedures like cash counts, inventory checks, fixed asset verification, and third-party confirmation for debt reconciliation.

• Verify revenue, cost of goods sold, and expenses for the year or period to assess the reality and compliance with accounting standards and tax laws, and check the appropriateness of expenses relative to revenue for the period.

• Review tax filings, monthly, quarterly, and annual settlement reports.

• Reconcile discrepancies between records and tax returns, advising on adjustments in line with regulations.

• Identify errors that may violate tax laws or accounting standards.

• Advise on internal document storage and flow processes to optimize labor productivity in the accounting department and ensure compliance with internal control systems.

• Provide an overall analysis of financial reports, offering performance and capital utilization ratios as needed.

• Deliver a management letter addressing issues, potential risks, and solutions tailored to the company’s current situation.

• Release audited financial statements upon request after completing review procedures.

Significance of Evaluation Reports After Financial Statement Review and Audit

• Correct errors in accounting practices and adjust financial statements before tax authorities conduct inspections. This helps businesses minimize the risk of being penalized for tax violations.

• Correct missed benefits from previous years that the business could claim.

• Provide an evaluation report on the efficiency of the accounting system and internal controls.

• Identify weaknesses in the accounting system and offer advice on resolutions to maximize benefits for the business.

Additionally, TGS Vietnam offers tax policy consulting to balance taxes and optimize the amount due. We provide accounting and auditing advisory services for businesses.

Guarantees of Financial Statement Review Services at TGS Vietnam

TGS Vietnam employs a team of highly skilled auditors and accountants with many years of professional experience, demonstrating a high level of responsibility and understanding of client needs. Our staff undergoes regular training to stay updated with changes in tax laws, Vietnamese accounting and auditing standards, and current legal regulations, ensuring timely and accurate advice and support for clients.

Commitments of TGS Vietnam When Providing Financial Statement Review and Audit Services

• Independence, objectivity, and confidentiality of your data.

• Ensuring maximum legal benefit for clients, providing advice on potential risks.

• Clear service contracts, detailed document requirements, and specific work plans to ensure efficient and smooth implementation.

• Highest level of responsibility to ensure quality, maintain reputation, and establish long-term relationships with clients.

• Reasonable fees that balance the interests of all parties.

Reasons to Choose TGS Vietnam’s Review Services

✅ Experienced experts – With qualified auditors and accountants having years of experience, we guarantee accurate and detailed review results.
✅ Compliance and transparency – Reviewed financial statements will always adhere to legal standards, helping businesses maintain financial transparency.
✅ Time and cost efficiency – Our quick and efficient review process saves businesses costs on correcting mistakes, optimizing financial decisions.
✅ Absolute confidentiality – All client financial data is protected and will not be shared with third parties.
✅ Solutions for long-term financial optimization – Our recommendations go beyond identifying errors and help businesses optimize long-term financial performance.

📞 Hotline: 0919 191 448
📩 Email: info@tgsvietnam.com.vn
🌐 Website: tgsvietnam.com.vn

🚀 Contact us now for high-quality financial statement review services to help your business operate efficiently and sustainably grow!