Written by Administrator
Tuesday, 16 February 2010 15:28
Compilations
This level involves our summarizing data supplied by you in the format of financial statements. Financial statements usually consist of a balance sheet and profit and loss statement; a cash flow statement or footnotes may or may not be included. This engagement is usually suitable for interim reporting and, occasionally, year-end reports. No level of assurance on the financial statements is given by us as a CPA firm.
Reviews
This mid-level service necessitates that we apply analytical procedures to the financial statements. Using our professional judgment, we ask you about your record keeping system and document certain key account balances. The depth of our work is sufficient for us to report that nothing came to our attention to indicate that your statements are not in accordance with generally accepted accounting principles. This engagement is usually suitable for year-end business reporting. A full set of financial statements with footnotes is required at this level.
Audits
This is the highest level of assurance we can provide as a CPA firm. We give our opinion as to the fairness of presentation of your financial statements in conformity with generally accepted accounting principles. This type of engagement is usually requested by larger companies and also may be a requirement of a bank or bonding company. Contact us to discuss which level of service is appropriate for your needs.