ASSURANCE SERVICES

AUDIT SERVICES

HIGHEST LEVEL OF ASSURANCE

The highest level of assurance with the highest level of service. Our audit services provide a methodical review and objective examination of financial statements, including the verification of specific information as determined by the auditor or as established by general practice.

From a review of internal controls, testing of selected transactions, and communication with third parties, based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements. Through our comprehensive evaluation, we ensure accurate and thorough results you can rely on.

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.

A review doesn’t require us to study and evaluate your company’s internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: “We are not aware of any material modifications” for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.

A review engagement is a strong middle ground for organizations that want confidence in their financial position, providing the advantages of a CPA’s technical expertise without the work and expense of an audit.

COMPILATION SERVICES

LOWEST LEVEL OF ASSURANCE

In compiling financial statements for a client, we present information that is the “representation of management” and express no opinion or assurance on the statements. Compilations don’t require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.

Banks often require compilations from an independent CPA as part of their lending covenants.