Creditors, private investors, and shareholders, are all among those interested in ensuring that your financial statements accurately represent the true financial position of the company.
There are three types of CPA certified financial statements:
Compilations. The first level of service is the compilation. There is no verification that the numbers presented in the statements are accurate and the financial statements produced are for management and third-party use.
Reviews. More involved than a compilation, but not as comprehensive as an audit, reviews provide “limited assurance.” Key personnel are interviewed about the company’s accounting policies and procedures, industry, operations, and financial statements. A review report is issued as well.
Audits. Audit services are the highest level of service provided. We work closely with key personnel to gain knowledge of internal control systems (“checks and balances”). Verification and substantiation procedures are performed in accordance with Generally Accepted Auditing Standards (GAAS)
Depending on the level of assurance or financial accuracy that you want, you will decide the kind of statement you need. You may decide a compilation is all you need presently, but in subsequent years, you may decide that a review - or even an audit - provides better information about your financials and enables you to make better decisions about the future growth of your company.
Our personalized approach to comprehensive accounting and auditing services is the cornerstone of our firm's practice. The range of accounting and auditing services we offer are designed to help improve your financial processes, manage risk, maintain transparency and enhance the credibility of your financial reporting. Our certified public accountants have industry-specific training and knowledge that will help you to identify, measure, and achieve your personal financial and business goals. We can show you how to avoid common pitfalls and how to build a strong financial foundation for your business. We believe the financial statement is the beginning, not the end result of our work. That view sets us apart from others in our field.
You can be assured that our work fully complies with the standards established by key regulatory agencies. Our accounting and auditing professionals receive continuous education in the latest accounting, audit, government and compliance issues and stay current with generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS).
Our accounting and auditing services include: