In addition to audit services, we provide review services to a variety of companies in different industries.
Review of Financial Statements:
We provide a high level of service through the use of technology, however we pride ourselves on being responsive to our clients through personal contact with both staff and the partner.
Our firm services small as well as large complex clients with multi-state operations. The fees are competitive. We pride ourselves in fast turnaround time and our ability to perform reviews remotely using a secured portal for document exchange.
To ensure quality, we use the latest industry leading review practice aids to serve our clients. The quality of the firm’s review work has been recently validated by our positive peer review results. You will have direct access to decision makers including the managing partner.
Benefits of a Review – Limited Assurance
Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company’s management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
A review doesn’t require us to study and evaluate your company’s internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: “We are not aware of any material modifications” for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA’s technical expertise without the work and expense of an audit.