Since stockholders, creditors and private investors need assurance that financial statements accurately represent the financial position of a company, we provide services with three levels of assurance:
- Audits, which provide the highest level of assurance by including a review of internal controls, testing of selected transactions, and communication with third parties.
- Reviews, which are less extensive than an audit and include analytical procedures we apply to the financial statements and inquiries made of your company’s management team.
- Compilations, in which we present information that is the “representation of management” and expresses no opinion or assurance on the statements. These are often required by banks as part of their lending covenants.