Auditing and Attestation

We offer the full range of attestation services and are experienced performing them for all types of businesses and organizations. We are a licensed CPA firm, and our licensed CPA principal participates in a rigorous continuing education program that meets the requirements for active state licensures, Government Auditing Standards and "Yellow Book" auditing. The principle also undergoes periodic peer reviews which are defined by the American Institute of Certified Public Accountants, and has earned an unqualified opinion on all such reviews.

 

What level of attestation is right for you?
We offer all three levels of attestation. Clients occasionally ask for audit engagements, the highest level, when a lower level of attestation will satisfy their requirements. We work with you to determine the appropriate level of service based on your needs. But regardless of level, the attestation is conducted in accordance with authoritative literature and standards.
Auditing
Auditing engagements can only be performed by a licensed CPA. They represent the highest level of attestation, resulting in the highest level of assurance. Such engagements require that a rigorous procedural process be followed in order to render an opinion on the financial statements under audit. Audits may be required by financial institutions, bonding companies, corporate boards of directors, by certain types of businesses, and by state and federal government agencies. The results of such audits may determine whether for-profit and not-for-profit organizations receive funding, whether their license to operate is renewed, or whether their books are being maintained in accordance with proper standards.
Review
A review engagement provides less assurance than an audit engagement, but also requires less work by the CPA, resulting in a lower fee. The resulting review report expresses limited assurance that there are no material modifications that should be made to a set of financial statements in order for them to be in conformity with a particular basis of accounting. The procedures performed in a review, which are primarily inquiry and analytical procedures, are substantially less in scope than those performed in an audit engagement, but may well satisfy your internal and external requirements.
Compilation
A compilation engagement expresses no assurance about the fairness of the compiled set of financial statements. In this type of engagement, the CPA merely prepares, or compiles, a set of financial statements. Though the preparer is not required to perform any verification procedures, compilations are valuable because they structure your data into a format that the business community is accustomed to seeing. Compilations are used primarily for internal client purposes.
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