Accounting and Auditing
We offer audit, review, compilation, and other accounting services in the industries of not-for-profit, for-profit businesses, and 401(k) plans. As a small firm, Roy is able to offer personalized service while providing an excellent experience and work product.
Audit
The audit is the highest level of assurance service and is intended to provide a user comfort on the accuracy of financial statements. The CPA performs procedures in order to obtain “reasonable assurance” (defined as a high but not absolute level of assurance) about whether the financial statements are free from material misstatement.
Review
The review is intended to provide a basic level of assurance on the accuracy of financial statements. This level is typically appropriate as a business grows and is seeking larger and more complex levels of financing and credit.
Compilation
A compilation is intended for use by lenders and other outside parties who may appreciate the business’s association with a CPA without requiring a level of assurance on the accuracy of financial statements that comes with an audit or review.
Financial Statement Prep
The most basic level available, financial statement preparation is intended for business owner’s use to manage the business (similar to what an in-house controller or CFO would provide for management in a larger company). At this level, no formal report is issued.