ACCOUNTING AND ATTEST SERVICES

Accounting and attest services include audited, reviewed and compiled financial statements and other special reports. While most organizations request these services to meet the requirements of a third party, their usefulness is often undervalued and overlooked. These services can increase your organization’s ability to:

• Secure capital
• Improve financial systems
• Measure performance
• Strengthen safeguards
• Effectively manage your organization

Needs analysis

• Determine appropriate level of service
• Audit – Highest level of assurance
• Review – Limited assurance
• Compilation – Financial statements without formal review
• Special Reports –Address specific areas of concern
• Internal Control Evaluation –Improve efficiency, segregation of duties, and asset protection
• Forensic/Fraud Examinations – Determine and address the areas of risk and identify possible abuse

Planning

• Meet to determine mutual expectations
• Perform initial inquiries
• Assess and address identified areas of risk
• Provide list of documents, schedules and support to be provided
• Schedule fieldwork
• Communicate the above information with our engagement team

Fieldwork

• Perform applicable procedures, obtain appropriate support and test transactions
• Make inquiries of personnel appropriate for the level of engagement – These may include:
  • Understanding of internal controls
  • Identifying areas of fraud risk
  • Details of financial statement disclosures
  • Other inquires as applicable
• Draft report and financial statements, as applicable

Delivery and Communication

• Provide draft report for comments and approval
• Discuss findings and recommendations with management – These may include:
  • Deficiencies in internal control
  • Procedures to improve efficiency
  • New or proposed changes in accounting regulations
  • Other general business and tax recommendations
• Presentation of report to appropriate levels of management, board of directors, owners, or other oversight committees

Our financial skills allow us to determine and analyze the financial information of your company. We can identify potential areas of financial weakness before they become critical to your business. We can provide practical guidance that will make your organization more attractive to third parties and more profitable for you. This is part of our commitment to assist clients in maximizing wealth.