Big customers, prime contractors and public buyers often want audited or reviewed financial statements before they add you to an approved vendor list or award a contract. We deliver the report they ask for, on the timeline your bid or onboarding requires.
Usually a growing private company that has never needed an audit, until a customer made it a condition of doing business.
Suppliers onboarding with OEMs or large distributors whose supplier qualification includes a financial health review.
Firms subcontracting on large commercial or government projects where the prime screens subcontractor finances.
Companies bidding on RFPs from agencies, school systems, hospitals and universities with financial prequalification criteria.
Businesses joining retail, healthcare or industrial supply chains that require annual audited statements.
Staffing, IT and professional services firms going through enterprise vendor risk reviews.
Contractors whose surety needs CPA-prepared statements to support a larger bond line.
Supplier qualification usually means quality, capacity and compliance reviews plus a financial review. We handle the financial part.
Supplier evaluation checklists commonly call for two years of audited financial statements. Public tenders often ask for the last three years of audited balance sheets and income statements, plus a positive net worth.
Some buyers accept reviewed rather than audited statements from privately held suppliers. A review gives limited assurance and costs less. Ask the buyer in writing before choosing it.
Many procurement teams score suppliers on a weighted scorecard where financial health is one factor, alongside quality, delivery, cost and compliance. Audited numbers make that score easier to defend, and the buyer often asks for a fresh report every year.
If the buyer wants two or three years and you've never been audited, we can often audit the years together. Prior-year inventory and opening balances are the usual challenge, and we'll tell you up front if records can support it.
Sources: Manifestly: Supplier Evaluation Checklist. Requirements change; we confirm the current rule for your program before quoting.
Matched to what your customer will accept, and nothing more.
A full GAAS audit with an opinion that procurement, risk and surety teams accept.
Learn more →Limited assurance at a lower fee, when your customer accepts reviewed statements.
Learn more →Two or three years audited together for buyers who want a history, including opening balance work.
Learn more →Targeted procedures on specific numbers, such as revenue or net worth, when a customer asks for something narrower.
Learn more →Reconciliations, accruals and inventory support so your books are ready for fieldwork.
Learn more →Ongoing financial reporting and KPIs that keep you on the vendor list year after year.
Learn more →Fixed fee, agreed before work starts. No hourly billing, no surprise invoices.
Send the customer's supplier questionnaire, RFP section or email describing what they need.
We confirm audit vs. review, how many years and the deadline, then give a fixed fee.
Remote, document-based testing. We flag issues early so nothing surprises you at the end.
Signed report and financial statements you can send straight to the buyer.
Most supplier qualification clients have never been audited. We make the first one predictable.
In finance, it's an independent audit or review of your financial statements that a customer requires before approving you as a supplier or vendor. The buyer uses it to check that you're financially stable enough to deliver on a long-term contract.
It depends on the customer. Many ask for audited statements, and some accept reviewed statements from private companies. Get the requirement in writing and send it to us. We'll recommend the lowest level that satisfies it.
Often, yes. We can audit multiple years together if your records support it. Prior-year inventory counts and opening balances are the main risk, and we assess that during scoping, before you commit.
It depends on the size of the company and how ready your books are. We agree on the timeline in the engagement letter before work starts and plan around your bid or onboarding date.
No. ISO and quality-system audits look at your processes and facilities. We provide the financial part of supplier qualification: audited or reviewed financial statements.
Usually your company's owners or board. You then share the report and financial statements with the customer, who relies on them in their vendor review.
It depends on revenue, complexity, inventory and the number of years. You get a fixed fee in writing before we start.
Forward us the request. We'll tell you exactly what will satisfy it, and give you a fixed fee.