Audits – are the highest level of assurance services. As required by auditing standards generally accepted in the U.S. (GAAS), KRD obtains an understanding of the entity’s internal control and fraud risk. The report provides an express opinion that the financial statements are presented fairly, in all material respects, and conforms with the generally accepted accounting principles (GAAP) – or another financial reporting framework. KRD performs audits for clients who require an auditor’s opinion on the financial statement to satisfy outside parties like potential buyers, investors, and banks.