Our Firm stands willing to assist you with your decision making process in the selection of services offered by certified public accountants that will provide your organization with an external opinion or report on your financial statements or accounting process.  There are several different services, each with a different scope and level of assurance.

Audit

This service is designed so that we can express an opinion on whether an entity’s financial statements are materially accurate and in conformity with accepted accounting standards.  We will gain an understanding of your internal controls and processes, and gather evidence on all material items affecting the financial statements.  When complete, the assurance provided is the highest available, in that we will assert that there are no material misstatements contained within the financial statements.  This service is best suited to organizations that are required to report to funding sources or other third parties.

Reviewed Financial Statements

This service is designed to present management’s accounting information in the form of financial statements.  We will express a limited amount of assurance on the statements, as a review is significantly less in scope than an audit.  We will make inquiries of management and others, apply analytical procedures, and obtain management representations.  We will state in our report that we are not aware of any material modifications needed for the financial statements to be in conformity with accepted accounting standards.  This service is best suited for an organization with multiple owners or that is subject to bonding or banking requirements.

Compiled Financial Statements

This service is designed to present management’s accounting information in the form of financial statements, but without an opinion on the financial statements.  We will not attempt to verify the information provided, nor seek additional information.  There is no assurance provided, but we will present the information supplied in the appropriate form, free of obvious material errors, and in conformity with accepted accounting standards.  This service is best suited for an organization to provide informed individuals financial information in compliance with accounting principles.

Agreed-upon Procedures

This service is designed to issue a report of findings based on specific procedures performed.  We will aid in identifying the procedures that will help fulfill your needs.  We will then perform the procedures, and issue a report.  Examples of these procedures include inspection of documents, confirmations with third parties, comparison of documents to records, recalculating items, and sampling of documents for particular attributes.  There is no opinion provided.  This service is best suited for an organization that wants an external examination of their internal controls and processes.

In General

Our firm’s longstanding goal has been to match our services to your exact needs, creating value without wasting your resources and time.  Should you need further help in identifying what service may best help your organization, please do not hesitate to contact us.