Our specialty is non-profits and not for profit entities. We can provide compilations and reviews for the above as well as for small businesses.
Compilations, Review or Audit?
Compilations are the most basic level of service a CPA can provide for a client’s financial statements. The accountant is required to read the compiled financial statements and consider whether they are in appropriate form and free from obvious material errors. Because of the limited scope of compilation procedures, the standard compilation report disclaims any degree of assurance on the financial statements. We issue reports based on and in accordance with the American Institute of Public Accountants (AICPA*) professional standards.
*American Institute of Certified Public Accountants
A Financial Review A Financial Review consists of inquiries regarding financial records in addition to the work performed during a Compiliation. These additional requirements are inquiries of client management and analytical procedures, and comparison and analysis of financial statements. Financial Review Reports are produced in accordance with AICPA Accounting and Review standards.
Audits represent the highest level of assurance standards. We are currently not accepting audits in our practice, but we can direct you to a firm that can help.
Our Clients
Our clients include individual, non-profits, and small businesses, including painting businesses, electricians, hair salons, automotive sales and service companies, and lawn care companies just to name a few, who need help with compilations and reviews.
*American Institute of Certified Public Accountants
