Should the need arise to provide a third party with the proper reporting standards for your financial statements, we can help. Whether it’s to meet the various needs of management, investors, bankers, owners, or other regulatory governing agencies, we can assist with the transition from Company figures into the financial statement format third parties or internal management are looking for. Below are the different types of attest services that we can prepare and provide for your specific situation:
- Compilations of historical financial statements involve taking a Company’s financial information and presenting it in proper financial statement form. Although no assurance is provided with a compilation, they are required for certain transactions such as applying for a contractor’s license. Compilations can be performed on the information of either a Company or an individual.
- Reviewed financial statements involve performing analytical procedures, inquiries and other procedures to obtain “limited assurance” on the financial statements. They are intended to provide lenders and other outside parties with a basic level of assurance on the accuracy of financial statements, which typically is appropriate as a business grows and is seeking larger and more complex levels of financing, credit, or contractor bid limits.
- Other assurance services include a broad range of services such as agreed upon procedures engagements, fraud examinations, and projections and forecasts of financial information. Many of these engagements can be tailored to the client’s specific needs in ways that more traditional services cannot.