Our
traditional audit and accounting services are made
more valuable to you because of the personal attention
and management assistance we incorporate into every
engagement.
Our staff is trained to examine not only the facts
and figures of transactions, but also the implications
for your company. We look for trends that you might
have overlooked. We attempt to isolate opportunities
and bring them to your attention.
We work hard to gain knowledge of your business,
and are always available for management consultation.
Further, our firm is structured to assure direct involvement
with your work. You benefit directly, as our most
talented, experienced professionals combine their
skills with knowledge of your business to assist you
with management decisions.
We strive to make your financial reports meaningful
and informative because we know that vital business
decisions may be made on the basis of these statements.
Not all users of financial reports need the same degree
of assurance. We, therefore, offer three distinct
services involving financial reports: audit, review,
and compilation. These services are keyed to meet
different needs.
During an audit, we examine a company's financial
statements in accordance with generally accepted auditing
standards. We then express our opinion as to whether
the statements are fairly presented in conformity
with generally accepted accounting principles. Third
parties, such as bankers, other credit granters, and
bonding companies often require an audit.
An audit offers the highest degree of assurance regarding
financial statements. Thus, an audit requires significant
testing of the underlying financial transactions and
a study of the system of internal controls. It includes
confirmation with outside parties, physical inspection
and observation, tracing transactions to supporting
documents, and a number of other tests.
As a result, an audit often is preferred not only
by third parties but also by members of management
seeking an in-depth examination of the company's financial
reporting.
In many instances, a review or compilation is sufficient
for a client's company and its creditors. In the former,
we review a company's financial statements and issue
a report giving a limited degree of assurance.
To perform a review, we are required to have a working
knowledge of your industry and key aspects of your
business. We make inquiries relating to the financial
statements and then apply analytical procedures designed
to identify unusual items or trends that may need
explanation. A review is designed to see whether the
financial statements make sense without applying audit-type
tests.
A compilation involves taking financial information
provided by a company and compiling it in financial
statement format. A compilation carries no degree
of assurance; yet, it is adequate for certain purposes.
We first familiarize ourselves with accounting practices
common to your industry and acquire a general understanding
of your company's transactions and how they are recorded.
We then compile the financial statements and give
them a professional, second look without applying
audit-type procedures.
In addition to audits, reviews and compilations, we
offer clients a range of accounting solutions to management
problems. For instance, we examine internal accounting
controls to determine their adequacy. We recommend
new controls where appropriate. We assist with securing
financing, preparing projections and forecasts, helping
with budgets, and providing other management assistance.
We establish complete accounting systems for new or
growing companies and train employees in installing
the new system and in day-to-day implementation.
Throughout, our staff works closely with management
representatives, providing timely service, personal
attention, and sound advice. |
