Accounting Services

*  Audit, Review or Compilation of Financial Statements​

​​​*  Consultation regarding Accounting, Organizational and  Financial Issues

Audit of Financial Statements

The objective of an Audit is the expression of an opinion about whether the financial statements of the organization are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles.  An audit is conducted in accordance with auditing standards generally accepted in the United States of America and will include tests of your accounting records and other procedures we consider necessary to enable us to express such an opinion.  

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, an audit will involve judgment about the number of transactions to be examined and the
areas to be tested. We will plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the Organization or to acts by management or employees acting on behalf of the Organization. 

 Audit procedures are performed that are intended to provide a reasonable level of assurance that the financial statements are free of material errors or irregularities.  The end result of an audit engagement is an Auditor’s opinion stating that the financial statements are presented fairly, in all material respects are in conformity with generally accepted accounting principles.    

​ Audit procedures may include tests of documentary evidence supporting (1) the various balances reflected on the Organization’s financial statements, (2) transactions recorded in the accounts, (3) tests of the physical existence of inventories, and (4) direct confirmation of receivables and certain assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. 

Our audit will include obtaining an understanding of the Organization and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. An audit is not designed to provide assurance on internal control or to identify deficiencies in internal control. However, during the audit, we will communicate to you and those charged with governance internal control related matters that are required to be communicated under professional  standards.

Review of Financial Statements

 The objective of a Review is to obtain limited assurance that there are no material modifications that should be made to the Organization’s financial statements in order for the statements to be in conformity with GAAP.  

A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole.  A review does not contemplate obtaining an understanding of the entity’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through inspection, observation, confirmation, or the examination of source documents; or other procedures ordinarily performed in an audit.  Accordingly, the accountant will not express an opinion regarding the financial statements as a whole.   

 
Compilation of Financial Statements

 The objective of a Compilation is to assist management in presenting financial information in the form of financial statements.  The accountant uses information that is the representation of management without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with GAAP. 

A compilation differs significantly from a review or audit of financial statements.  A compilation does not contemplate performing inquiry, analytical procedures, or other procedures performed in a review. 

Additionally a compilation does not contemplate obtaining an understanding of the entity’s internal control; assessing fraud risk; testing accounting records by obtaining sufficient appropriate audit evidence through
inspection, observation, confirmation, or the examination of source documents; or other procedures ordinarily performed in an audit.  Accordingly, the accountant will not express an opinion or provide any assurance regarding the financial statements.   

 
Agreed-upon Procedures

An engagement to perform Agreed-upon procedures is one in which the CPA is engaged to perform specific procedures and report findings to the Organization.  The CPA does not perform an audit or provide an opinion relating to the procedures performed or specific matter.  The CA performs the procedures identified in the engagement and reports findings.  

An Agreed-upon procedures engagement may be helpful when the Organization desires analysis of a specific aspect, area or procedures related to finance or accounting.  

Agreed-upon procedures can also include a review of internal controls and accounting procedures with the Organization’s personnel and providing recommendations for improvements that enhance efficiency and
improve processes and internal controls. 

Tax and Informational Returns

We prepare tax returns for individuals, partnerships, LLCs, and corporations, and work with individuals, ministers, business owners and related entities with respect to tax filing requirements.   We also, prepare informational returns for Non-Profit Organizations.