Assurance and Attestation Services
We offer three levels of assurance and attestation services; audits, compilations, and reviews. The work we perform during these engagements gives us detailed understanding of your company’s financial situation and reporting functions. This means we may be able to identify issues related to internal controls, processes, inefficiencies, and cash flow. These activities make us well suited to identify company and industry trends and offer advice on how best to meet your business goals.
Audits are the most comprehensive of all the attest services. Auditing procedures include testing accounting records and examining evidence supporting the amounts and disclosures in the financial statements.
Reviews are typically performed to satisfy third parties that want to be assured that the financial statements are not materially misstated. They provide a lesser degree of assurance to financial statement users than an audit. Also, unlike an audit, there is no expression of an opinion on the financial statements, testing of controls or financial data. Reviews essentially consist of inquiries of company personnel and analytical procedures applied to financial data.
Compilations provide the lowest level of assurance of the financial statements services. In a compilation we assist management in presenting their financial information as financial statements in the proper form. Additionally, we read the financial statements and ensure they are free from obvious material errors. They provide no expression of an opinion on the financial statements.