Financial Statements
If you need monthly, quarterly or annual financial statements, we prepare compilation or reviewed statements. More importantly, we offer you assistance in using these statements to increase the efficiency and profitability of your business.
- Audit
An audit of a business’ financial statement involves a sophisticated process developed by the accounting profession for the analysis of financial statements by CPAs. An audit includes examining, on a test basis, evidence supporting amounts and disclosures in financial statements.
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- Review
A review of a business requires the CPA to verify account balances, apply analytical procedures to an entity's financial statements and make certain inquiries of management. Review procedures, which are substantially less comprehensive than those performed in an audit, enable CPAs to express limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with generally accepted accounting principles.
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- Compilation
A compilation is simply putting financial information supplied by clients into the form of financial statements, but CPAs do not express any assurance on the statements. We can prepare a compilation on a monthly, quarterly or annual basis and issue a report that is useful to third party users and management. More importantly, we offer you assistance in using these statements to increase the efficiency and profitability of your business.
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