• ATTESTATION 

​OUR ATTEST SERVICES

Our firm offers a variety of accounting services that fit your needs. Bookkeeping, write-ups, bank reconciliations, accounting, catchup services, cleanup services, and QuickBooks services are all geared towards helping your get back office operations out of your mind so you can focus on your business.

AUDIT

An audit provides the highest level of assurance. It is a methodical and in-depth review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by generally accept auditing standards.

We review your 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.

An Audit allows you to...
  • Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published informatio
  • Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
  • Comply with banking covenants
  • Help deter and detect material fraud and error
  • Facilitate the purchase and sale of businesses

Here's what you get...

You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:

  • Your customers, to check outstanding receivables balances.
  • Your banks, to confirm cash and outstanding debt balances and terms,
  • Your vendors, to confirm outstanding payable balances and, 
  • Help deter and detect material fraud and error
  • Your attorneys, for information on pending or threatened legal actions.

We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.

Audits Is Not Just for Public Entities

All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.

Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams. 

Click here to sign up for a free audit consultation.

REVIEW

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.

Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit. 


Click here to sign up for a free consultation on our review attest services.

COMPILATION

In compiling financial statements for a client, we present information that is the "representation of management" and expresses 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. 


Click here to sign up for a free consultation regarding our catchup services.