Audit

Audit: Welcome

Audited Financial Statements

For companies of a certain size, or companies with certain debt/equity funding requirements, audited financial statements may be required. This is the most thorough type of attestation service that an accountant offers in the United States.
Audits are advanced, state-regulated engagements that require a detailed review of financials, third-party confirmations (such as confirmations of sales by major customers, and confirmation of bank balances with banks). If your company has significant assets, inventory, or other physical items that comprise a material component of your financials, an on-site visit will likely be necessary, as well.
The final product are the financials with the auditor’s opinion, which describes how well your company’s financials align with Generally Accepted Accounting Principles, IFRS, or whatever attestation standard you have chosen.
We perform audits of financial statements across industries, financial firms, technology, non-profit, real estate, and common interest Realty Associations (HOAs/condos/coops).
We are peer-reviewed. We are also happy to serve for smaller audits, such as our many non-profit, HOA, or building clients.
Please feel free to reach out for a quote below – please let us know the industry type and approximate size of your company.

Reviewed Financial Statements

Reviewed financial statements are required for quite a few small businesses in order to be eligible for bonds, certain types of insurance, government/municipal contracts, etc. They are also frequently requested by boards of co-ops.
Unlike an audit, which is the most detailed attestation service, reviews offer a more limited assurance that financial statements appear to be in line with Generally Accepted Accounting Principles. This means that less testing is completed, fewer verifications of transactions, etc.
Please reach out to us if you need our assistance with your financial statement review.

Compilations

Compilation engagements generally produce simply a set of standard, professional financial statements. Compiled financial statements do not include the extensive third party verifications typical of an audit or the extensive testing typical of a review. For this reason, they are usually the least time-consuming to produce and generally the least expensive attestation engagement.
Please reach out below if you need assistance with your financial statement compilation.

Audit: Services