Accurate financial reporting allows you to make the right decisions so you can operate with efficiency and reach your goals. The attestation services we provide and the audits we perform give shareholders, lenders and management the tools for evaluation.
We deliver these services not strictly as compliance requirements, but with complete understanding of their importance to our clients’ success.
Compilation involves collecting all necessary financial statements, reading and considering whether they’re in proper form and free from obvious errors. We will issue a report stating we compiled the financial statements; we will not express an opinion because we have not yet audited or reviewed the statements.
Useful when you need initial or lower amounts of financing or credit, a compilation report indicates to outside parties that you have a relationship with a professional accounting services team.
Beginning with a working knowledge of your industry and business, we approach a review with analytical tools and procedures that allow us to determine if the financial statements are aligned with generally accepted accounting principles. A review falls between a compilation, which provides limited assurance, and an audit, which provides extensive assurance. A compilation may or may not precede a review. And the review may lead to an audit, but not in all cases.
A review provides lenders and other outside parties with a basic level of assurance on the accuracy of your financial statements.
Much more than a financial check-up, an audit is a proactive management tool to help you improve your operation. Using a risk-based model, we focus on high-risk areas and issues specific to your business, delivering an efficient and effective audit.
Through the audit process, we will gather evidence on the reliability of your financial statements. With a thorough understanding of your business and the associated industry risks and accounting issues, our audit procedures will help you make the best decisions to move forward.
An audit is often required when a business is seeking complex levels of financing and credit, or when one desires outside investors or is preparing to sell or merge with another business.