ASSURANCE AND ACCOUNTING
Financial Statement Audit
As the highest level of assurance services, financial statement audits include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. The evidence is obtained through inquiry, inspection, observation, confirmation, examination, and analytical procedures. Audit procedures include obtaining an understanding of the entity and its environment, including internal control. All of our procedures are used to assess the risk of misstatement of the financial statements. Our clients include local government entities and non-profit organizations.
Financial Statement Review
Less extensive than an audit, but more involved than a compilation, a review report expresses limited assurance. A review primarily consists of inquiry and analytical procedures.
Financial Statement Compilation
A compilation is the lowest level of assurance services, it does not require inquiries of management or analytical procedures. Therefore we do not express an opinion or assurance on the financial statements. We rely on our knowledge of accounting principles and a general understanding of the client's business when preparing compiled financial statements.