ASSURANCE

It is essential for companies across all industries to have reliable and high-quality information, particularly concerning their financial strength. This reliability is crucial for lenders and other stakeholders who rely on accurate data to make well-informed financial decisions. Assurance services play a critical role in ensuring the credibility and trustworthiness of this information.

Semyung Assurance is a company that offers assurance services, providing extensive experience and skilled professionals to assist organizations in aligning with their financial objectives. Their proactive approach involves open and candid communication to meet all financial reporting needs. The primary goal is to instill confidence in the accuracy of the numbers provided. To achieve this, Semyung Assurance emphasizes independence and objectivity in their services, ensuring the security and trust that clients desire in their financial information.

Lease Accounting

On Feb. 25, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 Leases (Topic 842), a new standard that will govern the accounting for lease contracts. To affect these changes, this ASU, along with several related ASUs issued subsequently, amends the existing FASB Accounting Standards Codification (ASC) and creates a new Topic 842, Leases.

Attest service

Semyung works with you to identify and focus on specific areas of your organization’s reporting needs. Our attest procedures conform to professional standards and we work with clients to design cost-effective solutions.

audit & review

Irrespective of being publicly listed or privately owned, Semyung offers an impartial and unbiased assessment of your financial reporting. By harnessing cutting-edge technologies and process automation, we furnish companies with the certainty of financial statement accuracy that meets stakeholders’ expectations.

Compilation & Preparation Assistance

When there’s a demand for restricted assurance, Semyung is the choice for compilation or preparation services, as opposed to a review or an audit. In both options, Semyung assists management in creating financial statements, with no assurance or opinion offered in either case.

International Audits

Semyung possesses vast expertise in collaborating with global corporations, encompassing roles as auditors for local firms engaged in overseas operations and auditing U.S. branches of companies with inbound investments. We are well-acquainted with both International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA).

Internal Audit Services

Engaging with publicly traded and privately owned entities, alongside those within heavily regulated sectors, Semyung employs a systematic method to aid you in appraising risk and enhancing your risk management competencies. Whether you seek aid in a particular risk domain or seek full outsourcing of your internal audit function, Semyung possesses the proficiency to provide assistance.

Outsourced Accounting Services

Whether you’re looking for managed services like outsourcing your accounting function, or assistance in streamlining operations, Semyung has tailored solutions to help your small business or nonprofit succeed. The experience of our professionals is backed by industry credentials and client success stories. We go beyond simply managing the books. Our team understands the complex tax, audit, and financial challenges of your business and can provide high-level guidance to help you make informed decisions..

Statutory Financial Audits

While statutory audits commonly occur to satisfy regulatory or industry prerequisites, their advantages extend further. Semyung‘s statutory financial audits not only aid in meeting your statutory obligations but also play a vital role in preventing financial difficulties by pinpointing potential risks and operational vulnerabilities. Our primary objective as your statutory financial auditor is to aid your organization in adhering to reporting requirements within designated statutory accounting frameworks.

Employee Benefit Plan Services

Given the substantial resources allocated to your employee benefit plan, you recognize the criticality of vigilant oversight over risk aspects, internal controls, financial statement figures, and disclosures, all while ensuring regulatory adherence. This is prompting numerous plan sponsors to seek Semyung‘s expertise for timely perspectives, inventive solutions, and an extensive array of plan-related resources.