Compilations, Audits & Write-Ups

Financial statements are often a vital and necessary tool for the evaluation of financial performance and condition. Whether utilized internally for management and forecasting purposes, or required by outside agencies such as banks, creditors or investors, financial statements are often a key measurement of a company's financial position.

In the accounting industry, there are three levels of financial statements services:

• Compilations - The assembly of your company's financial information into a financial statement format. This is the most basic service available and requires no audit or review of procedures or controls.
• Reviews - A higher level of service, a reviewed financial statement requires some inquiry of company personnel and the application of analytical procedures to provide limited assurance that the resultant financial statements conform with the generally accepted accounting principles.
• Audits - The highest level of service available for a financial statement. An audit includes the examination and testing of a company's accounting system to allow expression of an opinion on the financial statements of the company. A financial statements audit can often be a requirement for companies with government agency certifications and/or engaged in contracts with federal or state agencies.
  

Our firm has years of experience providing all three levels of service across industries ranging from construction contractors and not-for-profit agencies to securities brokers/dealers and retail service operations. Our experience and expertise in these areas also allows us to offer services in the following areas:

• Financial and Compliance Audits, including "yellow book" audits
• Audits of Federal and State Assistance Programs under the Single Audit Act and the rules of the Auditor General of the State of Florida
• Agreed-Upon Procedures
• Prospective Financial Statements
• Certified Audit Program Participation