Compilation
We offer compilation services to assist our clients in preparing financial statements in accordance with generally accepted accounting principles (GAAP). Our compilation services include the preparation of balance sheets, income statements, and cash flow statements. Also, to assist management in presenting financial information in the form of financial statements without undertaking to provide any assurance that there are no material modifications that should be made to the financial statements in order for them to comply with the acceptable financial reporting standards. The CPA’s report will not express an opinion or provide any assurance regarding the financial statements due to the even more limited scope of compilation procedures.
Our team of professionals can assist you in developing accurate and reliable financial statements that meet industry standards and the needs of your stakeholders.
Review
We provide review services to provide limited assurance on financial statements. Our review services entail performing procedures to obtain limited assurance that no material changes to the financial statements are required to bring them into compliance with GAAP.
We perform the following review procedures:
- Inquiries about the business’s accounting practices and principles
- Procedures for recording and maintaining financial data
- Decisions made at meetings of owners or directors
- Management’s written assurances about the accuracy of all information provided to the CPA
- Management’s responsibility for internal control
- The responsibility of management to prevent and detect fraud
Please contact us for further inquiries. We look forward to assisting you!