FINANCIAL REPORTING AND ATTEST SERVICES
Our independent opinion as certified public accountants lends credibility to your financial statements for external users. These services involve the publishing of financial statements in accordance with generally accepted accounting principles and some level of assurance regarding the accuracy of the information presented. The cost of these services is based on an estimate of time and depends on many factors including the condition of accounting records, current operations, client assistance, etc.
A compilation of financial statements is a presentation in the form of financial statements, information that is the representation of management (owners) without undertaking to express any assurance on the financial statements.
A review of financial statements involves performing certain inquiries and analytical procedures that provided the CPA with reasonable basis for expressing limited assurance that there are no material modifications that should be made to the statements in order for them to be in conformity with generally accepted accounting principles or, if applicable, with another comprehensive basis of accounting (for example, the cash basis).
An audit of financial statements involves the testing of the financial statements so that the auditor may render an opinion that the financial statement present fairly the financial position of the organization and the result of operations and cash flows in accordance with generally accepted accounting principles applied consistently with previous years. This is the highest form of assurance that a CPA may render on the financial statements.
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