Financial Statements Audits and Reviews

A financial statement audit provides management, those charged with governance, and other financial statement users with an independent CPA's opinion about whether the financial statements present fairly the entity's financial position, changes.  An audit is the highest level of assurance, an audit typically is appropriate – and often required – when a client is seeking complex or high levels of financing and credit.   

 The financial statement review provides limited assurance to the users of financial statements.  The CPA performs analytical procedures, inquiries and other procedures deemed necessary to obtain “limited assurance” on the financial statements and is intended to provide a user with a level of comfort on their accuracy. The review is the base level of CPA assurance services.

Private Company Audits and Reviews

Most businesses are established to create value for expansion or sale.   Adequate operations and reporting   are essential for entrepreneurs to yield returns. Obtaining a competent auditor challenges the company to hold itself accountable to these goals.   Using auditors that are sincere and knowledgeable prepares companies for any level of expansion, from being a merger, acquisition target or listed on a national stock exchange.  Getting loans and investors is made easier with reliable accounting records and financial reports. The more functional and accountable your business, the more valuable it is to potential investors.

International Regulatory Reporting for Companies Traded on Foreign Stock Exchanges

Audits for companies reporting in accordance with US GAAP or IFRS, on international stock exchanges that accept US GAAP or IFRS reporting and require audited and/or reviewed financials by chartered or certified accountants; engagements do not require additional regulatory registration for firms providing these services.

Crowdfunding Reporting Requirements 

Under the new JOBS act, many companies are raising capital through crowdfunding portals, by which small amounts of money is raised from many people often through the internet. This process now could require either audited or reviewed financial statements by a qualified CPA firm. 

Publicly Traded Company Audits and Reviews

Our firm's leadership possess over 13 years' experience conducting audits and reviews of publicly traded companies and has extensive involvement in acquisitions and reverse mergers. We carefully execute assurance and attest engagements to aid your business and our practice to remain in compliance with the PCAOB and SEC.  Through our network of seasoned quality reviewers, technical accounting and industry consultants we aim to satisfy the strict requirements of regulators. 

Not-for-Profit Audits and Reviews

501c entities often require audited or reviewed financial statements by the IRS, other regulators and donors or members, to remain in operation and keep their exemption status.  It is important to work with a firm that cares about your cause, the adequacy of your operations, compliance and the reliability of your financial information.   We care and would love to build a relationship with your organization!

Other Compliance Audits

We provide audits of financial statements and related services, and limited scope compliance audits to companies required to submit audited financial statements or compliance reports to a regulatory agency or other entity. 

Our assurance and attest services are corrective and informative.   We will never provide you with proposed entries you do not understand.   We obtain a sound understanding of your business, relevant accounting guidance and the substance of the underlying documents.  We believe that our audit/review documentation and your accounting records should always be maintained with a level of integrity that keeps your business and our firm at ease.