Financial Statements That Work for You
When your business needs include financial statements we provide preparation, compilation and review services. Frequently financial statements are required for compliance, or at the request from a lender, owner, vendor or other party in need of verifying your financial statements. We view financial statements as a valuable management tool to provide the opportunity to improve profitability and strengthen your business and administrative practices. A business owner will need accurate financial statements when considering the sale of a business. We will work with you to determine which level of service is best for your business. Our advice is specifically tailored to your business.
A compilation of financial statements includes presenting, in the form of financial statements, information that represents management (owners), without expressing any assurance on the financial statements.
A review of financial statements includes performing inquiry and analytical procedures to provide the accountant with a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles (GAAP).
As members of the American Institute of CPAS (AICPA), we undergo a formal process known as a peer review. This provides an objective perspective that ensures the overall quality and compliance of the firm being reviewed. We have successfully passed all AICPA peer reviews since the firm’s formation and we are proud to be a member of such a select, quality-focused group.